Cramer -- UPS Shares Can Rise if Goldman Sachs Analysts Are Right

NEW YORK (TheStreet) -- The S&P 500 (SPY) has given up its gains on Friday, but shares of United Parcel Service (UPS) are still in positive territory, up 1.74%. Analysts at Goldman Sachs upgraded the stock to buy from neutral and boosted their price target from $101 to $119. 

"I like the report," TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.

UPS Chart
United Parcel Service UPS data by YCharts

This is a "very positive" report, Cramer added, citing analysts' remarks that UPS is improving its free-cash flow and performing better during its peak delivery season. 

If the company can deliver on its peak season -- which it has failed to do over the past two years -- "then the stock is going to go much, much higher," Cramer said. Improved free-cash flow could also warrant a larger share buyback plan and a higher dividend. 

With the stock down 7.8% in 2015 and underperforming its peers, Cramer says he likes the stock near current levels, because he believes the company can deliver better results. If it does, shares could climb to $110, Cramer said. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters