UPS price target raised to $108 from $105 at BofA

BofA analyst Ken Hoexter raised the firm’s price target on UPS (UPS) to $108 from $105 and keeps a Neutral rating on the shares. UPS shares are down intraday after the company posted a “slight” Q1 beat, as International offset below-target Domestic results, while holding its 2026 outlook, the analyst tells investors in a research note. The firm added that CEO Carol Tome noted the conservative stance factors in uncertainty around unresolved geopolitical risk, fuel volatility, and macro demand.