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.
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.