UPS price target lowered to $111 from $129 at BofA

BofA lowered the firm’s price target on UPS (UPS) to $111 from $129 and keeps a Buy rating on the shares. UPS ramped its cost cutting in the midst of culling 50% of its Amazon (AMZN) revenues by mid-2026 and now targets $3.5B in cost actions in 2025, the analyst notes. However, UPS also pulled its FY25 outlook given market and policy uncertainty, the analyst added. The firm lowered its Q2 EPS view 4% to $1.60 from $1.67, but increased its 2025 EPS forecast 1% to $7.45 on Q1 beat, adding that its lower target multiple accounts for tariff uncertainty and the Amazon volume glide down setting the stage for trough EPS.