UPS
Same company, different vibe
UBS just nudged its UPS earnings estimates lower, cutting third-quarter EPS to $1.63 from $1.67 and fourth-quarter EPS to $2.70 from $2.72. That's not exactly a dramatic faceplant — more like a cautious half-step — especially since the new Q3 estimate still matches consensus.
Why the market should care
The bigger takeaway is that UBS left its Buy rating and $124 price target intact. In other words, the broker is saying: yes, the near-term math got a little softer, but the real story is still UPS's domestic margin grind. If those margins keep improving, the delivery business can keep its earnings engine humming.
The boring part that matters most
For a company like UPS, margins can be the difference between “solid compounder” and “meh, another trucking-ish stock.” Domestic delivery is the piece investors are watching like hawks, because that’s where pricing power, efficiency, and volume mix can really move the needle.
Big picture: UBS didn’t exactly slam the brakes. It just pulled the hood open, adjusted a few numbers, and still told investors the truck looks drivable.