Barclays downgraded UPS (UPS) to Underweight from Equal Weight with an unchanged price target of $120. The company’s near-term earnings could be pressured by a “still weak” parcel demand backdrop, but long-term pressures from Amazon (AMZN), non-union FedEx (FDX) competition and limited dividend growth “paint a relatively tough outlook” for UPS shares, the analyst tells investors in a research note. The firm cites the company’s long-term challenges for the downgrade to Underweight.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- UPS among dividend stocks with yield of 4%-plus, Barron’s says
- Levi & Korsinsky LLP Reminds United Parcel Service, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 09, 2024 – UPS
- UPS price target raised to $142 from $134 at Wells Fargo
- UPS price target lowered to $162 from $165 at Goldman Sachs
- UPS initiated with a Buy at Citi