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Barclays has downgraded UPS (UPS) to Underweight from Equal Weight citing a lackluster freight environment that could weigh on earnings. The analyst also warned of long-term competitive pressures from Amazon (AMZN) and FedEx (FDX).
Catalysts Hosts Seana Smith and Madison Mills report more on the call and break down how the macro picture could further impact UPS's performance.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Melanie Riehl