Why UPS Stock Was Pulling Back Today
Shares of United Parcel Service (NYSE: UPS) were sliding today in sympathy with a weak quarterly earnings report from rival FedEx (NYSE: FDX). The latter missed estimates in its fiscal second quarter and lowered its guidance for the full year.
As of 11:02 a.m. ET on Wednesday, UPS stock was down 1.5% after falling as much as much as 3.2% earlier in the session. FedEx, on the other hand, was down 10.7%.
Image source: UPS.
Source Fool.com
United Parcel Service Inc. Stock
€115.42
0.660%
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 157 € shows a positive potential of 36.02% compared to the current price of 115.42 € for United Parcel Service Inc..
