UPS shares little changed after analyst downgrade

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 28, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    UPS shares little changed after analyst downgrade - Forbes

    UPS Inc. shares were little changed Wednesday after an analyst downgraded the company's stock, saying it's too expensive given the extent of the downturn in the economy.

    Morgan Stanley analyst William Greene said substantial earnings risk remains for the world's largest shipping carrier. He said his firm was downgrading UPS stock to "Underweight" from "Equal-weight."