Why UPS Stock Is Down Big Today
United Parcel Service (NYSE: UPS) missed earnings expectations and provided no full-year guidance due to ongoing macro uncertainty. Investors are racing for the exits, sending UPS shares down 10% as of 11 a.m. ET.
Image source: UPS.
It has been a difficult few years for transportation companies. In 2024, fears about a slowing economy and higher interest rates caused large shippers to trim inventory levels, leading to less demand. The new year brought new uncertainty as tariffs and trade wars disrupted normal shipping patterns.
Source Fool.com
United Parcel Service Inc. Stock
€73.98
0.650%
The stock is one of the favorites of our community with 46 Buy predictions and 4 Sell predictions.
With a target price of 116 € there is a hugely positive potential of 56.8% for United Parcel Service Inc. compared to the current price of 73.98 €.
