UPS and Fed Ex Ratings Cut by Barclays on Joblessness Concern [TheStreet.com]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
investors.ups.com
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Source: TheStreet.com
United Parcel Service(UPSGet ReportFDXAt last check UPS shares were down nearly 1% to $101.25, while FedEx was up 2.1% to $121.52.Analyst Brandon Oglenski downgraded UPS to underweight and FedEx to equal weight.He cut his rating on the transport sector to negative from neutral. He told clients in a note that "while the covid-19 pandemic duration remains unknown, we are increasingly concerned unemployment levels will lead to lasting economic challenges.""With economic fundamentals rapidly deteriorating to levels last witnessed in pre-World War II periods, ... it is prudent to reduce exposure in cyclical transportation stocks, especially given sector valuations that remain at or above median cycle levels for most large-cap equities," he wrote.While both companies should benefit from e-commerce deliveries, Oglenski said, margins will be challenged by negative operating leverage."While UPS maintains plenty of balance-sheet capacity," he said, "we expect operating results through 2021 will
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UPS
News
- 100% Of This United Parcel Service Insider's Holdings Were Sold [Yahoo! Finance]Yahoo! Finance
- Spare Parts Logistics Market To Reach USD 67.4 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern Defeats Activist Attempt to Sack Rail CEO [Yahoo! Finance]Yahoo! Finance
- ODW Logistics Welcomes Rick Smith as Vice President of Strategic Implementations [Yahoo! Finance]Yahoo! Finance
- UPS CFO Brian Newman to step down on June 1, company says [Reuters]Reuters
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 5/6/24 - Form 8-K
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- UPS's page on the SEC website