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5.02866338126868E-05 -0.00140802574675652 -0.00201146535250933 0.00150859901438189 -0.00291662476113855 -0.00613496932515337 -0.011062053706125 -0.00568238962083876
Stock impact report

UPS downgraded by UBS on loss of higher-margin business [MarketWatch]

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: MarketWatch
Analysts at UBS on Thursday downgraded their rating on United Parcel Service Inc. stock to neutral from buy, saying that headwinds from the economic collapse caused by the coronavirus pandemic are likely to cancel out the uptick in ecommerce-related deliveries. "We expect the impact of COVID-19 to drive a sharp reduction in (business-to-business) volumes with the most notable decline in UPS's highest-margin customer group of small and mid-sized businesses," the analysts said. That sharp decline in higher-margin business from small and mid-sized businesses plus the growth in business-to-consumer deliveries "could exert a significant mix/margin headwind," the analysts said. Shares of UPS have lost about 13% in the past 12 months, compared with losses around 3% for the S&P 500 index Show less Read more
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