Citi analyst Christian Wetherbee says he left UPS's Transformation Day "somewhat disappointed" that the company wasn't more transparent with cost savings details and pricing. Further, he notes management wouldn't firmly commit to when capital expenditures would fall to 7% of revenues. However, Wetherbee thinks UPS management might have held back some detail due to the timing of the Teamsters labor contract. As such, he feels more details may come on the Q3 or Q4 earnings call. Nonetheless, the analyst thinks shares of UPS will now be range-bound in the near-term. Wetherbee keeps a Buy rating on the shares.