Investing.com - UPS slipped Wednesday following an analyst downgrade that raised questions about future margins.
BMO cut the stock to market perform from outperform.
Shares of UPS (NYSE:UPS) dropped 1,4% in midday trading.
"While we believe that UPS may be able to deliver positive operating leverage (excluding the impact of pension) in the near-term as a result of strong volumes and efficiency gains from past/ongoing productivity investments, we're not convinced a positive trend in operating margins in U.S. domestic operations can be sustained over the medium-term given a significant projected rise in (business to consumer) volumes," analyst Fadi Chamoun wrote.
UPS is up a little more than 20% year to date.