Barclays on North America Airfreight & Ground Transportation: UPS Feels Like a Little Dynamite!
Tweet
Share
E-mailGet Alerts UPS Hot Sheet
Price: $102.58 -0.27%
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Barclays on North America Airfreight & Ground Transportation: UPS feels like a little dynamite!
Analysts Brandon R. Oglenski and David E. Fintzen see the acquisition of TNT Express by UPS (NYSE: UPS) for EUR$9.50/share a positive with long-term bullish implications. The elevation in UPS's European profile (vs. DHL and FedEx (NYSE: FDX) will help broaden the company's global logistics. Other positives include market synergies and potential accretion to earnings, but Barclays points out that this will be a long, large and complicated merger.
The two analysts also think this deal removes some overhang on FedEx, since many investors were (and still are) holding their respective breath with the possibility of a bid/counter-bid. However, with the original merger/acquisition announcement between UPS and TNT, changes significantly drop that FedEx will step in.
To see more ratings on UPS, Click Here
Analysts Brandon R. Oglenski and David E. Fintzen see the acquisition of TNT Express by UPS (NYSE: UPS) for EUR$9.50/share a positive with long-term bullish implications. The elevation in UPS's European profile (vs. DHL and FedEx (NYSE: FDX) will help broaden the company's global logistics. Other positives include market synergies and potential accretion to earnings, but Barclays points out that this will be a long, large and complicated merger.
The two analysts also think this deal removes some overhang on FedEx, since many investors were (and still are) holding their respective breath with the possibility of a bid/counter-bid. However, with the original merger/acquisition announcement between UPS and TNT, changes significantly drop that FedEx will step in.
To see more ratings on UPS, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- Rubrik Inc (RBRK) PT Raised to $120 at Cantor Fitzgerald Into Q2 Earnings
- ScanSource to acquire MicroAge for $220.5 million in cash
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
Barclays, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
