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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UPS:
- UPS upgraded, Nike downgraded: Wall Street’s top analyst calls
- Baird upgrades UPS on share pullback, exiting of cycle trough
- UPS upgraded to Outperform from Neutral at Baird
- TTEC Holdings names Kenny Wagers as CFO, effective March 1
- Appaloosa takes new position in Oracle, boosts Amazon, Microsoft stakes
