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Shares of United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are trading higher after Wolfe Research upgraded the stocks from Peer Perform to Outperform.
UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities.
UPS shares were trading 3% higher at $210.30 on Monday at the time of publication. The stock set a new 52-week high of $211.44 and has a 52-week low of $88.85.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services.
FedEx shares were trading 3.5% higher at $300.48. The stock has a 52-week high of $305.66 and a 52-week low of $103.40.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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