FedEx, UPS, DHL executives to face fresh scrutiny in India antitrust case
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Antitrust Investigation Update: Executives from major courier companies in India, including FedEx and DHL, will be cross-examined by a publishers' group alleging price collusion, which could alter the findings of a previous investigation that cleared these companies of wrongdoing.
Market Growth and Legal Implications: The Indian courier market is projected to grow significantly, but the ongoing scrutiny and potential changes in the antitrust case may pose challenges for these logistics firms, as cross-examination is rare in such cases and could reveal new evidence.
Analyst Views on UPS
Wall Street analysts forecast UPS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPS is 107.06 USD with a low forecast of 80.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
9 Buy
9 Hold
1 Sell
Moderate Buy
Current: 109.300
Low
80.00
Averages
107.06
High
126.00
Current: 109.300
Low
80.00
Averages
107.06
High
126.00
About UPS
United Parcel Service, Inc. provides a range of integrated logistics solutions for customers in more than 200 countries and territories. Its U.S. Domestic Package segment offers a range of United States domestic air and ground package transportation services. Its air portfolio offers time-definite, same-day, next-day, two-day and three-day delivery alternatives as well as air cargo services. Its ground network enables customers to ship using its day-definite ground service. UPS SurePost provides residential ground service for customers with non-urgent, lightweight residential shipments. Its International Package segment consists of small package operations in Europe, Indian sub-continent, Middle East and Africa, Canada and Latin America and Asia. It offers a selection of guaranteed day- and time-definite international shipping services. Its supply chain solutions consist of forwarding, logistics, customized third-party logistics and specialized cold chain transportation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
