Reported about 1 month ago
Barclays analyst Brandon Oglenski has downgraded UPS to Underweight, citing persistent challenges, including a weak freight environment and potential volume losses from Amazon. UPS shares are down 14% this year, lagging behind FedEx's performance, owing to increasing lower-margin e-commerce volumes and a surprise earnings miss earlier. With third-quarter earnings approaching, further negativity is anticipated.
Source: YAHOO