Barclays Adjusts Estimates on UPS (UPS) Ahead of Q2 Report

July 23, 2012 5:29 PM EDT
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Barclays maintains an 'Overweight' on UPS (NYSE: UPS) price target of $92.00.

Analyst, Brandon R. Olgenski, said, "Soft international results keep a lid on 2Q forecast - Although lower fuel and U.S. domestic volume expansion should aid UPS second quarter results, continued soft international airfreight dynamics suggest limited upside for tomorrow's report."

However, Olgenski, suggests there is a second wind from domestic express lightweight packages. But, eCommerce has driven prices lower. Overall, he sees Q2 being a continuation of earlier trends, but look for 'core' pricing, TNT and shift in mix to be topics investors want to here more about (on conference call)

Because of slowing international trends, but mostly offset by lower fuel costs, Barclays drops FY12 EPS estimate from $4.84 to $4.82 and FY13 from $5.60 to $5.55.

For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.

Shares of UPS closed at $78.45 yesterday.

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