BofA lifts FedEx and UPS rating; shares rise
ReutersJan 9, 2026 4:13 PM
BofA raises rating and PT for FedEx FDX.N and UPS UPS.N as both companies leverage AI to build network density and boost margins
Shares of FDX up about 1% to $311.5, and UPS up 1% to $108.1 in morning trade
Brokerage lifts FDX to "buy" from "neutral"; PT at $365 from $315
Says FDX delivers on its cost-reduction initiatives, and has moved to spin out FedEx Freight
Brokerage says it believes the separation is set to unlock value potential as it creates the largest pure-play public North American less-than-truckload (LTL) carrier
Lifts UPS to "neutral" from "underperform"; PT at $114 from $99
Brokerage says UPS countered the end of de minimis volumes with record cost cutting moves and service center shutdowns
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