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