Is UPS Stock a Bad-News Buy?
Shares of United Parcel Service (NYSE: UPS) have been tumbling recently on the news that Amazon (NASDAQ: AMZN) is launching Amazon Supply Chain Services. For logistics giant UPS, that's a concerning development as it means it may have a huge new competitor to worry about.
It's more bad news on top of the already existing flurry of negativity around the logistics company. UPS stock is down more than 50% in the past five years, as worsening trade conditions have weighed on its operations. The business has also experienced a revenue decline in two of the past three years.
Does this recent news about Amazon make the transportation stock destined to go even lower this year, or could UPS actually be a good buy on weakness?
Source Fool.com
United Parcel Service Inc. Aktie
89,50 €
-0,93 %
Starke Kaufneigung bei United Parcel Service Inc., mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 102 € für United Parcel Service Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 89.5 € hin.
