Baird downgraded United Parcel Service Inc (NYSE:UPS) to "Neutral" on the rising impact of Amazon’s planned volume reduction, which introduces a multi-year challenge for the shipping giant.
UPS reported revenue of $25.3 billion. Revenue grew by just 1.5% year-over-year and missed estimates of $25.42 billion. Adjusted EPS of $2.75 beat analyst expectations of $2.53. GAAP results included ...