BofA upgraded UPS (UPS) to Neutral from Underperform with a price target of $114, up from $99. The company is moving past a “horrible year” where it began severance of 50% of Amazon volumes over an 18-month period, ended its relationship with the USPS for last mile of SurePost and had de minimis volumes lost over an Executive Order and tariff rule changes, the analyst noted.
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