BofA cuts UPS' PO on trade shift pressure

** BofA Global Research cuts price objective on United Parcel Service's UPS.N shares to $81 from $83, keeps rating at "underperform"

** New PO shows downside of 1.9% from stock's last close

** BofA maintains cautious view on co, citing Amazon's pullback, soft domestic volumes, modest pricing gains and margin pressure from trade shifts

** Adds UPS terminated its Estafeta deal over unmet conditions but plans to close the Andlauer acquisition in Q4 2025, freeing up near-term cash for $900 million debt paydown

** Earlier this month, BofA downgraded UPS to "underperform" from "neutral", flagging risks from the removal of de minimis exemption

** 13 of 32 brokerages rate stock "buy" or higher, 16 "hold" and 3 "sell"; their median PT is $100 - data compiled by LSEG

** Including session move's, shares down 34% YTD