UPS price target lowered to $75 from $80 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on UPS (UPS) to $75 from $80 and keeps an Underweight rating on the shares. Q2 results came in between the firm’s estimates and consensus, but Domestic results missed both and “will likely be the bigger focus for investors,” the analyst contends. With the Amazon (AMZN) draw down expected to double in the second half, the firm believes there could be a bigger gap than expected for second half earnings and adds that this risk layers on top of other unknowns, including tariff policy impact, mix pressure from USPS insourcing, and an uncertain peak season.

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