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2 Shipping Stocks Downgraded on End to Tariff Exemption
Schaeffers Investment Research·2025-09-11 22:55

BofA Global Research downgraded both United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE: FDX) to "underperform" from "neutral," and to "neutral" from "buy," respectively. The brokerage also cut the former's price target to 83from83 from 91, while the latter saw its price objective lowered to 240from240 from 245. The analyst cited the ending of tariff exemptions for small packages.UPS was last seen up 0.2% at 84.06,butearlierslippedtoafiveyearlowof84.06, but earlier slipped to a five-year low of 82. The security has been struggling with overhead ...