Stocks
UPS Stock Slumps as BofA Cuts Price Target Amid Amazon Shipping Woes
United Parcel Service Inc. (UPS) stock has been in a consolidation phase after a volatile summer driven by changes in Amazon shipping volumes.
The parcel carrier reported its most recent quarterly results for the second quarter of 2026, with revenue and earnings per share exceeding expectations but operating margins declining to 4.1% from 8.6% last year.
Bank of America cut its price target on UPS stock to $108 from $115 and maintained a Neutral rating, citing weaker package flows from Amazon at the end of the second quarter.
Goldman Sachs increased its price target on UPS to $132 from $128 and reaffirmed a Buy rating after the Q2 2026 release, implying roughly 25% upside potential against the last closing price.