Reported about 1 month ago
United Parcel Service (UPS) has received an unusual sell recommendation from Barclays due to declining earnings expectations and increasing competitive pressures from Amazon and FedEx. Analyst Brandon Oglenski downgraded UPS, indicating that reduced parcel demand and a potential shrinking relationship with Amazon pose short- and long-term risks for the company. Following this downgrade, UPS shares fell 3.4%, continuing a challenging year for the company marked by a 16% stock price decline.
Source: YAHOO