Brexit Will Mostly Spare Transports, But Citi Likes UPS Over FedEx
June 24, 2016 at 10:43 AM EDT
Citi’s Christian Wetherbee and his team take a look an transportation in the aftermath of Brexit , writing that the sector’s concentration in North America will help insulate stocks. He writes that it’s difficult to assess the impact of Brexit, given that there’s of yet no clear time table for when it will happen and few concrete details on how it will impact trade. However, he writes that if stocks fall too hard, there’s an opportunity for value investors. Read More »