UPS (UPS) Tops Q3 EPS by 42c, Revenues Beat
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October 27, 2020 9:37 AM EDT
UBS analyst Thomas Wadewitz upgraded United Parcel Service (NYSE: UPS) to "Buy" from "Neutral" after raising 2022 EPS estimates and anticipating an attractive upside for the stock.
Wadewitz believes that "rising visibility to pricing and cost gains and increasing EPS expectations can support further attractive upside for the stock".
We believe UPS can deliver significant EPS growth in 2021 / 2022 in multiple scenarios. A vaccine /... More
October 27, 2020 9:03 AM EDT
By Paul Lienert and Joseph White
DETROIT (Reuters) - Daimler AG's commercial truck unit and Alphabet Inc's (NASDAQ: GOOGL) Waymo on Tuesday said they will collaborate on development of self-driving Class 8 semi trucks, applying Waymo's automated system to Daimler's Freightliner Cascadia.
Class 8 trucks are semi trucks and other large commercial vehicles with a carrying capacity exceeding 33,000 lb (14969 kg).
The partnership accelerates a race to put automated heavy-duty trucks on the road, with a handful of powerful teams chasing commercial customers seeking to reduce dependence on human drivers.
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October 27, 2020 5:55 AM EDT
UBS analyst Thomas Wadewitz upgraded UPS (NYSE: UPS) from Neutral to Buy with a price target of $214.00 (from $162.00), saying price and cost takeout are likely to be multi-year drivers.
The analyst comments "Capacity constraints during peak season and feedback from shipper consultants... More
