UPS's stock rallies after UBS turns bullish, while rival FedEx is downgraded [MarketWatch]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: MarketWatch
UPS's stock rallies after UBS turns bullish, while rival FedEx is downgraded Shares of United Parcel Service Inc. UPS, +1.08% rallied 1.4% in morning trade Monday, after UBS analyst Thomas Wadewitz turned bullish on the package delivery service, citing improving costs and productivity levers at a time of low expectations. At the same time, Wadewitz downgraded UPS rival FedEx Corp. FDX, -1.60% citing uncertainty over the margin outlook, sending the shares down 1.1%. Wadewitz raised his rating on UPS to buy from neutral, and his stock price target to $125 from $121. "We expect UPS's transformation initiative to general significant cost savings which are additive to the expected $800 million-$1 billion from network initiatives," Wadewitz wrote in a note to clients. For FedEx, he cut his rating to neutral from buy and his price target to $256 from $283. "Macro risk and limited visibility to near-term margin expansion, but also lack of visibility to improving [free cash flow], drive
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UPS
News
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock.MarketBeat
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website