UBS analyst Thomas Wadewitz upgraded UPS (UPS) to Buy and raised his price target for the shares to $125 from $121. The analyst this morning also downgraded FedEx (FDX) to Neutral from Buy. The combination of cost and productivity improvements, coupled with a constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS, Wadewitz tells investors in a research note. The analyst believes the company has "multiple cost side drivers" and that the new Teamsters agreement may also facilitate growth.