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-0.000169310982788629 -0.000728822111341568 0.00297135168470035 0.003644110556708 -0.00061781689746029 -0.00224252957335878 -0.00341985759937201 -0.00420474295004765
Stock impact report

Bank of America downgrades UPS following disappointing quarterly results [CNBC]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CNBC
Bank of America is pulling back on United Parcel Service on the heels of the shipping giant's latest quarterly results. Analyst Ken Hoexter downgraded shares to neutral from buy and cut his price target to $98 from $115, which suggests almost 8% upside from Tuesday's close. The move comes after UPS posted a decline in second-quarter earnings and revenue compared to the prior year. UPS adjusted earnings of $1.55 per share for the quarter missed the $1.56 per share that analysts polled by FactSet had expected. The company also said that it's not providing its revenue or operating profit guidance for the full year “given the current macro-economic uncertainty.” Additionally, UPS noted a decline in shipments in its trade route to China – its most profitable – as a result of President Donald Trump's tariffs. Shares fell more than 10% on Tuesday, putting its year-to-date decline at about 28%. UPS YTD mountain UPS, year-to-date Hoexter cited “a larger-than-expected small- to medium sized bus Show less Read more
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