UPS Stock Drops 4.3% Amid Weakened Amazon Volumes
United Parcel Service (UPS) stock fell by 4.3% to $94.75 on September 21, 2026, after Bank of America Securities cut its price target for UPS from $115 to $108 and maintained a Neutral rating.
The revised target was due to a sharper decline in domestic shipping volumes, including a significant drop in Amazon shipments, according to MSN. This operating concern outweighed the broader S&P 500 gain of 1.49% during the session.
UPS had previously guided to $91.2 billion in revenue and adjusted EPS of $7.22 for 2026, slightly above FactSet estimates. The second-quarter figures showed improved revenue at $22.834 billion, up 7.6% from the prior-year quarter, with adjusted operating profit reaching $2.1 billion and an adjusted operating margin of 9.2%. However, the improvement came with a cost, as UPS recorded $891 million in after-tax transformation expenses.