SA: UPS is a buy at Citi and rated higher than FedEx

ups fedex

© Jerome Cid

By LoadstarEditorial

15/12/2021

SEEKING ALPHA reports:

– Citi upgrades UPS (NYSE:UPS) to a Buy rating from Neutral as its takes a more constructive view on the shipping giant.

– The firm thinks parcel companies will continue to display pricing power to help offset any slowing shipping volume growth. Strong pricing and labor cost insulation from a recent union contract are seen helping to boost margins. Solid growth in the domestic segment is anticipated to help UPS top consensus marks for 2022.

– Analyst Christian Wetherbee also has something to say about the UPS vs. FedEx (NYSE:FDX) debate…

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