Package delivery giants United Parcel Service, Inc. ( UPS ) and FedEx Corporation ( FDX ) on Friday caught some diverging sentiment from analysts at Credit Suisse.
The firm said it upgraded UPS from "Neutral" to "Outperform," noting the company is poised for growth in coming quarters, even in the face of potential macroeconomic headwinds.
Meanwhile, Credit Suisse cut its rating on FDX from "Outperform" to "Neutral," stating that FedEx is leveraged to slower macro growth.
UPS shares fell 68 cents, or -1%, in premarket trading Friday, while FedEx shares were off $1.34, or -1.7%.
The Bottom Line
Shares of United Parcel Service ( UPS ) have a 3.12% dividend yield, based on last night's closing stock price of $66.67. The stock has technical support in the $62 price area. If the shares can firm up, we see overhead resistance around the $70 price level. Shares of FedEx ( FDX ) have a .67% dividend yield , based on last night's closing stock price of $73-$75 price area. If the shares can firm up, we see overhead resistance around the $82 price level.
United Parcel Service, Inc. ( UPS ) and FedEx Corporation ( FDX ) are both rated "Neutral," holding Dividend.com DARS™ Ratings of 3.4 and 3.1 out of 5 stars, respectively.
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