SEEKING ALPHA reports:
– UPS (NYSE:UPS) is slightly lower after attracting a downgrade from Deutsche Bank to a Hold rating from Buy. The firm warns that stocks known for dividend payments and yield typically underperform in a rising rate environment. UPS’ 2% yield could be become less attractive to investors if bond yields spike.
– Analyst Amit Mehrotra: “We have great respect for UPS’s management team and the turnaround the company is pursuing and …
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Source: The Loadstar
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