UBS Downgrades UPS (UPS) to Neutral, 'Long Wait for Improvement'

UBS sees a 'long wait for improvement' for UPS (UPS)

UPS (NYSE: UPS) shares are down more than 1% premarket after UBS downgraded the stock to Neutral from Buy and lowered the price target to $185 from $198 per share.

Analyst Thomas Wadewitz told investors in a note that lower volumes and higher costs... More

UPS (UPS) PT Raised to $186 at JPMorgan

JPMorgan analyst Brian Ossenbeck raised the price target on UPS (NYSE: UPS) to $186.00 (from $181.00) while maintaining a Neutral rating.... More

UPS (UPS) PT Raised to $190 at BMO Capital

BMO Capital analyst Fadi Chamoun raised the price target on UPS (NYSE: UPS) to $190.00 (from $180.00) while maintaining a Market Perform rating.... More

UPS (UPS) PT Lowered to $194 at Credit Suisse

Credit Suisse analyst Ariel Rosa lowered the price target on UPS (NYSE: UPS) to $194.00 (from $204.00) while maintaining a Neutral rating.... More

Loop Capital Downgrades UPS (UPS) to Hold

Loop Capital analyst Rick Paterson downgraded UPS (NYSE: UPS) from Buy to Hold with a price target of $195.00 (from $212.00).

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 $180.55 yesterday.

Eli Lilly, Chegg, AMC Entertainment rise premarket; UPS, Tesla fall

Investing.com -- U.S. futures retreated Tuesday, with corporate results to the fore as the quarterly earnings season draws to a close.

Here are some of the biggest premarket U.S. stock movers today:

United Parcel... More

UPS lowers 2023 guidance, citing costs related to tentative labor agreement

Investing.com -- United Parcel Service (NYSE: UPS) has lowered its full-year financial outlook and posted weaker-than-anticipated second-quarter revenue, as the logistics firm was hit by labor negotiations and weaker U.S. consumer spending.

In July, UPS reached a tentative deal with Teamsters-backed employees to avert a strike that had the potential to disrupt shipments of around a fourth of all U.S. parcel shipments. The Teamsters... More

UPS cuts 2023 forecasts, fights to regain business lost during US labor talks

By Lisa Baertlein and Priyamvada C

(Reuters) -United Parcel Service cut its full-year revenue and profitability targets on Tuesday as the world's largest package deliverer faces higher labor costs and fights to win back U.S. business lost during tumultuous contract talks with the Teamsters.

UPS reached a tentative five-year deal for some 340,000 U.S. employees represented by the International Brotherhood of Teamsters union shortly before the July 31 expiration of their contract. In the run-up to the deal, as the union threatened to strike, customers diverted more shipments than expected to rivals, UPS CEO Carol Tome... More

Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets

Investing.com -- U.S. stock futures point lower ahead of a raft of new corporate earnings that include results from Eli Lilly and UPS. Elsewhere, SoftBank slips to a surprise quarterly loss, although its flagship Vision Fund is boosted by a rebound in tech valuations, while Tesla shares fall after the electric car maker unexpectedly announces the departure of its finance chief.

1. Futures edge lower

U.S. stock futures edged lower Tuesday, suggesting a pullback from gains made in the prior session, as investors awaited the release of a fresh batch of corporate... More

UPS (UPS) Guides FY23 Rev of $93B vs $97B Previously, Consensus Was $96.6B

UPS (UPS) Guides FY23 Rev of $93B vs $97B Previously, Consensus Was $96.6B

UPS (UPS) Tops Q2 EPS by 4c; misses on revenue and guidance

UPS (NYSE: UPS) reported Q2 EPS of $2.54, $0.04 better than the analyst estimate of $2.50. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $23.02 billion.

GUIDANCE:

UPS sees FY2023 revenue of $93 billion, versus the consensus of $96.77 billion.

For earnings history and earnings-related data on UPS (UPS) click here.

Small business optimism, Eli Lilly, UPS: 3 things to watch

Investing.com -- Stocks surged on Monday as investors soak in more earnings reports ahead of this week's inflation report for July.

Analysts expect the headline inflation number to edge higher than June, but prices have cooled significantly since last year. The report is likely to be a key consideration for the Federal... More

UPS (UPS) option IV elevated into quarter results

UPS (NYSE: UPS) August weekly call option implied volatility is at 62, August is at 42; compared to its 52-week range of 18 to 47 into the expected release of quarter results before the bell on August 8.