FedEx and UPS Shares Surge on Rating Upgrades - Barron's
Shares of FedEx and United Parcel Service were on the move Monday after picking up upgrades from Wolfe Research analyst Scott Hand, who raised his ratings for both to the equivalent of Buy from Hold.
UPS (ticker: UPS) stock was up about 3.9% in midday trading. FedEx (FD) shares were up 3.5%. The S&P 500 and Dow Jones Industrial Average, for comparison, are up 0.4% and 0.8% respectively.
Wall Street has been warming to both stocks as pricing and volumes for parcel shippers have risen throughout the pandemic. Detail’s of Hand’s upgrades weren’t available.
Shares of FedEx and United Parcel Service were on the move Monday after picking up upgrades from Wolfe Research analyst Scott Hand, who raised his ratings for both to the equivalent of Buy from Hold.
UPS (ticker: UPS) stock was up about 3.9% in midday trading. FedEx (FD) shares were up 3.5%. The S&P 500 and Dow Jones Industrial Average, for comparison, are up 0.4% and 0.8% respectively.
Wall Street has been warming to both stocks as pricing and volumes for parcel shippers have risen throughout the pandemic. Detail’s of Hand’s upgrades weren’t available.
