Is UPS Stock a Bad-News Buy?
Shares of United Parcel Service (NYSE: UPS) have been tumbling recently on the news that Amazon (NASDAQ: AMZN) is launching Amazon Supply Chain Services. For logistics giant UPS, that's a concerning development as it means it may have a huge new competitor to worry about.
It's more bad news on top of the already existing flurry of negativity around the logistics company. UPS stock is down more than 50% in the past five years, as worsening trade conditions have weighed on its operations. The business has also experienced a revenue decline in two of the past three years.
Does this recent news about Amazon make the transportation stock destined to go even lower this year, or could UPS actually be a good buy on weakness?
Source Fool.com
United Parcel Service Inc. Aktie
84,16 €
0,12 %
Mehr Buy- als Sell-Zahlen bei United Parcel Service Inc. zeigen ein leicht positives Sentiment.
Ein Kursziel von 101 € für United Parcel Service Inc. signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 84.16 €.
