UPS, FedEx upped to buy at UBS

cheryl

I started this.
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UPS, FedEx upped to buy at UBS - CBS Marketwatch

"After two years of earnings declines, several factors have aligned to deliver above average EPS growth: the operating leverage into the recovery that's inherent in their higher-fixed cost business models (especially FedEx); strong international volume growth, with no reported slowdown in business in Europe or Asia; an improving LTL environment; and an overall firming in pricing. And all this is finally at a price we like," the broker said.
 
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