The shipping showdown has started.
With Black Friday and Cyber Monday raking in record amounts of online sales this year, according to Adobe, delivery rivals FedEx and UPS are gearing up for a busy holiday season.
FedEx shares appear to have the upper hand, up almost 28% in the last three months with 71% of analysts rating the stock a buy, according to FactSet. Barclays on Tuesday upgraded the stock to overweight from equal weight, citing “an abundance of growth opportunities” tied to the e-commerce expansion.
