Delivery Stock Dips After Downgrade

United Parcel Service, Inc. (NYSE:UPS) stock is off by 0.3% to trade at $157.83 this morning, after Daiwa Capital downgraded the stock to "neutral" from "outperform" and kept its price target at $155. Earlier last week, UPS had rallied right into its overhead 160-day moving average. Year to date, United Parcel Service stock is down 9.1%, but has found some separation from its Oct. 27 three-year bottom of $133.68. Options traders have been overwhelmingly bullish toward the equity. At the International Securi ...