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Bank of America cuts UPS price target to $108 on weaker package volumes and earnings outlook

Market News
21 Sep 2026
Proactive Investors
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Bearish
Bank of America cuts UPS price target to $108 on weaker package volumes and earnings outlook

Bank of America lowered its price target for United Parcel Service (UPS) to $108 from $115, maintaining a Neutral rating due to weaker domestic package volumes, especially a sharper-than-expected drop in Amazon shipments. The broker reduced its 2026 revenue forecast to $91.3 billion and cut earnings per share estimates for 2026 and 2027 by 2-4%. Despite these cuts, BofA sees potential upside as UPS aims to cut costs and improve results in the second half of 2026 after volume declines.

United Parcel Service (UPS) shows a dividend yield of 6.62% and a market cap of $84.28 billion as of Sep 22, 2026 01:41 WIB on Pluang. The stock price is $94.83, down 4.23% in one day, reflecting some market reaction to volume concerns. Pluang data also shows a high trading volume of 9,264,502 shares, with most investors (87%) buying rather than selling at this time.

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