UPS, FedEx upped to buy at UBS

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 1, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    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.