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The Latest UPS Headlines
UPS & FedEx: Buy One, Skip the Other
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<blockquote data-quote="cheryl" data-source="post: 3627333" data-attributes="member: 1"><p><a href="https://www.barrons.com/articles/ups-fedex-buy-one-skip-the-other-1531751273" target="_blank"><strong>UPS & FedEx: Buy One, Skip the Other - Barron's</strong></a></p><p></p><p>Shares of <a href="https://www.barrons.com/quote/stock/us/xnys/fdx?mod=DNH_S&mod=article_inline&mod=article_inline" target="_blank">FedEx</a> (FDX) are falling on Monday, while <a href="https://www.barrons.com/quote/stock/us/xnys/ups?mod=DNH_S&mod=article_inline&mod=article_inline" target="_blank">United Parcel Service</a> (UPS) is rising, as <strong>UBS's Thomas Wadewitz</strong> argues that investors should now buy the latter instead of the former.</p><p></p><p>Wadewitz upgraded UPS to Buy from Neutral and raised his price target by $4, to $125, while he downgraded FedEx to Neutral from Buy and lowered his price target to $256 from $283.</p><p></p><p>So what's behind the call? For UPS, he writes that a combination of cost and productivity improvements, along with a supportive sales backdrop, could boost margins in its domestic package business, and fuel stronger operating income growth next year. "UPS has multiple cost-side drivers including its Transformation initiative and network investments while we believe that the new Teamsters agreement may also facilitate growth," he writes.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3627333, member: 1"] [URL='https://www.barrons.com/articles/ups-fedex-buy-one-skip-the-other-1531751273'][B]UPS & FedEx: Buy One, Skip the Other - Barron's[/B][/URL] Shares of [URL='https://www.barrons.com/quote/stock/us/xnys/fdx?mod=DNH_S&mod=article_inline&mod=article_inline']FedEx[/URL] (FDX) are falling on Monday, while [URL='https://www.barrons.com/quote/stock/us/xnys/ups?mod=DNH_S&mod=article_inline&mod=article_inline']United Parcel Service[/URL] (UPS) is rising, as [B]UBS's Thomas Wadewitz[/B] argues that investors should now buy the latter instead of the former. Wadewitz upgraded UPS to Buy from Neutral and raised his price target by $4, to $125, while he downgraded FedEx to Neutral from Buy and lowered his price target to $256 from $283. So what's behind the call? For UPS, he writes that a combination of cost and productivity improvements, along with a supportive sales backdrop, could boost margins in its domestic package business, and fuel stronger operating income growth next year. "UPS has multiple cost-side drivers including its Transformation initiative and network investments while we believe that the new Teamsters agreement may also facilitate growth," he writes. [/QUOTE]
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