UPS: Buy Before The Volumes Recover
Summary
- UPS is viewed as an attractive buy candidate with a reasonable valuation and upcoming volume recovery prospects.
- The company's revenue outlook is positive, with the potential for volume recovery and restocking in anticipation of economic recovery.
- Margins are expected to improve as volume recovers and the company implements cost-cutting measures, leading to positive growth starting in the back half of FY24.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article is written by Saloni V.
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