UPS, FedEx stocks drop to pace transport losers after Morgan Stanley highlights Amazon Air risk

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 4, 2018.

  1. cheryl

    cheryl I started this. Staff Member

    UPS, FedEx stocks drop to pace transport losers after Morgan Stanley highlights Amazon Air risk - Marketwatch

    Shares of United Parcel Service Inc. sank 4.8% and FedEx Corp. dropped 4.7% in morning trade Tuesday, to lead all 20 of the Dow Jones Transportation Average's components in losses, after Morgan Stanley analyst Ravi Shanker cut its price targets on the package deliverers, citing concerns over competition from Amazon.com Inc.'s Amazon Air. Amazon's stock slipped 0.5%. Analyst Ravi Shanker cut his target on UPS to $87 from $92 at on FedEx to $230 from $240, as he believes "the market is missing the risk Amazon Air poses" to the companies
     
  2. MyTripisCut

    MyTripisCut Dumpster, INABAG

    Any of these market wizards remember DHL?
     
  3. OrionsBitch

    OrionsBitch Not...

    DHL is doing just fine. They are a much more diverse company than both FedEx and UPS. But their presence just isn't in the US. They operate pretty much everywhere else. They do a lot of things that UPS and FedEx don't do like web hosting etc.
     
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