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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 $83 from $91, while the latter saw its price objective lowered to $240 from $245. The analyst cited the ending of tariff exemptions for small packages.UPS was last seen up 0.2% at $84.06, but earlier slipped to a five-year low of $82. The security has been struggling with overhead ...