BUZZ-Street View: UPS needs to deliver on cost-cutting measures
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United Parcel Service (UPS) reported second-quarter profits below expectations and did not provide annual revenue and margin forecasts. Analysts view UPS and FedEx as indicators of the global economy's health. Jefferies maintains a 'buy' rating with a price target of $115, focusing on long-term margin expansion. Morgan Stanley is 'underweight' with a target of $75, citing challenges in the quarter. TD Cowen holds at $101, warning of domestic margin risks, while J.P. Morgan remains 'neutral' at $96, noting impacts from China and small-package volume disruptions.
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