Why United Parcel Service Stock Is Delivering for Investors Today
United Parcel Service (NYSE: UPS) shares have lost one-third of their value since early 2022, weighed down by slowing freight volumes and headlines about a massive raise for unionized workers. But an influential Wall Street publication said over the weekend that it is time to buy UPS shares, and investors are reacting.
As a result, shares of UPS were up 3% as of 2 p.m. ET Eastern.
UPS is one of the world's largest shipping companies, but when demand for transportation slows, there is little even the largest players in the industry can do to avoid the cycle. Rising inflation and the Federal Reserve's efforts to tame it have cooled business activity in certain sectors, cutting into shipping volumes.
Source Fool.com
United Parcel Service Inc. Stock
€136.12
-0.340%
We see a rather positive sentiment for United Parcel Service Inc. with 13 Buy predictions and 1 Sell predictions.
With a target price of 162 € there is a slightly positive potential of 19.01% for United Parcel Service Inc. compared to the current price of 136.12 €.
