UPS is set to bring investors better returns, Andrew Bary writes in this week’s edition of Barron’s. The leading package-delivery service is seeking to cut costs, increase automation, boost margins, and lift volumes to offset higher expenses from a headline-grabbing contract with the Teamsters union last summer. Wall Street isn’t won over, the author notes. UPS stock has come under pressure, falling 7% since the company offered disappointing 2024 guidance in conjunction with its fourth-quarter earnings report at the end of January. With the selloff, the stock, now around $148, looks appealing, the publication adds.
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