Morgan slashes UPS (UPS) to Underweight. "We've noted that UPS estimates are too high for some...

|By:, SA News Editor

Morgan slashes UPS (UPS) to Underweight. "We've noted that UPS estimates are too high for some time, but even we are surprised by the lack of earnings revisions heading into fourth-quarter results given deteriorating macro trends and poor FedEx (FDX) guidance." UPS -0.5%.