UPS price target lowered to $100 from $114 at Oppenheimer

Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on UPS (UPS) to $100 from $114 and keeps an Outperform rating on the shares. The firm notes that Q2 revenue slightly outperformed, while adjusted operating income/margin/EPS were below expectations. UPS again abstained from providing a 2025 revenue/operating profit outlook pending more certainty in the macro environment. Related to trade, UPS’s China-U.S. lane declined 35% in May/June and experienced margin pressure due to light Ground Saver volume, Oppenheimer adds.