Letter carriers, in hundreds of social media posts, have voiced their frustrations about the deal, and organized coworkers to vote against it.
The company is laying off workers after its big contract payoff to the union.
Baird analyst Garrett Holland changed his rating on the stock to Hold from Buy and cut his price target to $130 from $160.
Their largest customer is Amazon and they'll be winding down deliveries for the company by 50% through June 2026.
With a volume of 10,657,850, the price of UPS is up 0.1% at $115.01. RSI indicators hint that the underlying stock may be approaching oversold. Next earnings are expected to be released in 81 days.
Raymond James analyst Patrick Brown maintained a Buy rating on United Parcel (UPS – Research Report) today and set a price target of $145.00.
In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on United Parcel (UPS – Research Report), ...
UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...