Oppenheimer raised the firm’s price target on UPS (UPS) to $115 from $107 and keeps an Outperform rating on the shares. The firm notes Q4 revenue/adjusted operating income/margin/EPS all outperformed expectations. UPS’s implied outlook for Q1 2026 was cautious on continued Amazon (AMZN) glide-down/transition expenses related to Ground Saver/incremental MD-11 retirement-related costs. However, the latter quarters of 2026 are anticipated to ramp favorably, Oppenheimer adds.
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