These 3 Stocks Are Down in 2024, but Look Set for a Spectacular Recovery in the Second Half
Shares in (NYSE: UPS), aerospace materials company Hexcel (NYSE: HXL), and security doors and locks company Allegion (NYSE: ALLE) have all experienced a significant dip so far in 2024, lagging behind the S 500 index's 14.6% gain over the same period. However, compelling evidence suggests that all three are positioned to outperform the market in the second half and beyond. Here's why.
UPS, the package delivery giant, faced a tumultuous 2023, with some challenges spilling into the first half of 2024. Slowing economic growth has led to declining volume growth and revenue growth. A costly labor contract resolution further exacerbated the situation. To make matters worse, the prolonged labor negotiations led to customers diverting their deliveries to other networks, fearing a strike action.
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Source Fool.com
United Parcel Service Inc. Stock
We see a rather positive sentiment for United Parcel Service Inc. with 18 Buy predictions and 1 Sell predictions.
With a target price of 158 € there is a positive potential of 25.66% for United Parcel Service Inc. compared to the current price of 125.74 €.
