SA: UPS gains after Deutsche Bank expresses confidence on earnings

ups CNG Tractor 2lr

By LoadstarEditorial

17/06/2020

SEEKING ALPHA reports:

UPS (UPS +2.3%) trades higher after Deutsche Bank tagged the stock as a catalyst call buy idea on upside earnings expectations.

DB’s breakdown: “We see potential for an over 20% EPS beat in 2Q for UPS (our $1.30 estimate vs. consensus of $1.06). We believe market participants are overly negative on the profit impact from higher business to consumer mix in 2Q, without considering mix within mix…

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