JP Morgan cuts UPS to neutral

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 10, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    JP Morgan cuts UPS to neutral - Reuters

    J.P. Morgan Securities downgraded United Parcel Service Inc to "neutral" from "overweight," saying DHL's withdrawal from the United States and lower fuel prices are not enough to offset falling demand.

    Separately, Barclays Capital cut its price target on UPS shares to $66 from $72. It kept its "overweight" rating on the package-delivery company.