United Parcel Service is among the top stock picks in Miller Value Partners' latest filings. UPS shares have risen 9.3% over the past year and 11% year-to-date. The company recently faced scrutiny after the US Postal Inspector General recommended terminating its air cargo contract with the USPS, citing minimum volume commitments that forced the postal service to use air freight instead of cheaper ground transportation. UPS is also investing $48 million to expand its temperature-controlled facilities across 27 US locations. Following its first-quarter earnings, UBS lowered its price target on UPS to $123 from $125 while maintaining a Buy rating.
United Parcel Service IncUS Postal Inspector General recommended terminating its air cargo contract with USPS, citing minimum volume commitments forcing use of air freight instead of cheaper ground.
UBS Group AG