Bears Target Delivery Stock After Downgrade

Barclays downgraded United Parcel Service, Inc. (NYSE:UPS) to "underweight" from "equal weight." The analyst in question cited increased competition from Amazon.com (AMZN), as well as risks associated with earnings. At last glance, UPS is down 1.9% to trade at $133.32. Barclays could inspire other firms to shift their stance. Coming into today, 12 of 25 analysts in coverage called the security a "strong buy." Plus, the 12-month consensus target price of $144.85 is an 8.2% premium to current levels. UPS is o ...