July 26 (Reuters) - A tentative labor deal between United Parcel Service (UPS.N) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts. UPS shares closed down 1.9% on Tuesday signaling investor worries about the labor deal's impact on costs. Analysts say the new agreement could weigh on the company's margins at a time when most operators are cutting costs to protect profits amid an industry-wide slowdown. Susquehanna analyst Bascome Majors expects the new deal could drive UPS' cost per piece 2.5% higher than the brokerage's current expectations. Meanwhile, Wells Fargo analyst Allison Poliniak estimated the new contract could reduce UPS' 2024 earnings per share by more than $1.

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Persons: Stephens, Jack Atkins, Majors, Fadi Chamoun, Wells, Allison Poliniak, Aishwarya Nair, Priyamvada, Shounak Dasgupta Organizations: United Parcel Service, Teamsters, UPS, FedEx, Susquehanna, BMO, Thomson Locations: U.S, Bengaluru