Credit Suisse Upgrades UPS, Downgrades FedEx (UPS, FDX) - dividend.com
Package delivery giants United Parcel Service, Inc. (UPS) and FedEx Corporation (FDX) on Friday caught some diverging sentiment from analysts at Credit Suisse.
The firm said it upgraded UPS from “Neutral” to “Outperform,” noting the company is poised for growth in coming quarters, even in the face of potential macroeconomic headwinds.
Meanwhile, Credit Suisse cut its rating on FDX from “Outperform” to “Neutral,” stating that FedEx is leveraged to slower macro growth.
Package delivery giants United Parcel Service, Inc. (UPS) and FedEx Corporation (FDX) on Friday caught some diverging sentiment from analysts at Credit Suisse.
The firm said it upgraded UPS from “Neutral” to “Outperform,” noting the company is poised for growth in coming quarters, even in the face of potential macroeconomic headwinds.
Meanwhile, Credit Suisse cut its rating on FDX from “Outperform” to “Neutral,” stating that FedEx is leveraged to slower macro growth.
