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The Latest UPS Headlines
Hold Your Drones: Why the Future Is Bright for UPS, FedEx
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<blockquote data-quote="cheryl" data-source="post: 3195830" data-attributes="member: 1"><p><strong><a href="http://www.barrons.com/articles/hold-your-drones-why-the-future-is-bright-for-ups-fedex-1510762861" target="_blank">Hold Your Drones: Why the Future Is Bright for UPS, FedEx - Barrons</a></strong></p><p></p><p>On Tuesday, the United States Postal Service released its fourth-quarter and full-year results, and <strong> Bernstein's David Vernon</strong> and his team write that the situation appears "to be going from bad to worse," which supports their thesis on publicly traded delivery companies.</p><p></p><p>Vernon writes that the USPS's results show that the cost of final mile delivery is increasing, which means that pricing for residential services should improve--a benefit the more productive networks of <strong>FedEx</strong> (FDX) and <strong>United Parcel Service</strong> (UPS). He reiterated an Outperform rating and $132 price target on UPS and a Market Perform rating and $212 price target on FedEx.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3195830, member: 1"] [B][URL='http://www.barrons.com/articles/hold-your-drones-why-the-future-is-bright-for-ups-fedex-1510762861']Hold Your Drones: Why the Future Is Bright for UPS, FedEx - Barrons[/URL][/B] On Tuesday, the United States Postal Service released its fourth-quarter and full-year results, and [B] Bernstein's David Vernon[/B] and his team write that the situation appears "to be going from bad to worse," which supports their thesis on publicly traded delivery companies. Vernon writes that the USPS's results show that the cost of final mile delivery is increasing, which means that pricing for residential services should improve--a benefit the more productive networks of [B]FedEx[/B] (FDX) and [B]United Parcel Service[/B] (UPS). He reiterated an Outperform rating and $132 price target on UPS and a Market Perform rating and $212 price target on FedEx. [/QUOTE]
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Hold Your Drones: Why the Future Is Bright for UPS, FedEx
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