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Why UPS Stock Is in the Fast Lane Today
UPSUPS(UPS) The Motley Fool·2024-02-06 16:32

A well-regarded analyst is warming up to United Parcel Service (UPS 4.73%), and investors are taking notice. Shares of the transportation giant were up 4% as of 11 a.m. ET after UBS upgraded the stock from neutral to buy.Calling a bottom on UPS sharesShipping is a cyclical business, and UPS investors over the past year have gained first-hand experience of what a down cycle feels like. The company's shares have fallen nearly 30% in the last 12 months due to declining volumes and higher costs.UPS failed to de ...