United Parcel Service (UPS) recently announced their
quarterly dividend for Q4 2024. However, several law firms have urged UPS stockholders with substantial losses to contact them over potential
class action lawsuits. Despite these legal disputes, UPS remains one of the top logistics stock taking advantage of
supply chain disruptions. The company continues its business continuity, even starting a new training program. However, its transition to electric vans has been slowed by battery shortages and low supply. UPS has also restructured its operations, outlining plans to
close over 200 facilities while also cutting 12,000 jobs. Despite these cost-cutting measures, UPS achieved
revenue above estimates on cost cuts and margin growth. In terms of investments, Wells Fargo and the Goldman Sachs Group have revised the UPS price target to $128.00 and $147.00 respectively. Lastly, UPS completed the acquisition of Italy's Bomi group, bolstering its position in the healthcare logistics business.
United Parcel Service Class B UPS News Analytics from Tue, 29 May 2012 07:00:00 GMT to Fri, 28 Feb 2025 19:50:02 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -6
