UPS (UPS) PT Lowered to $101 at TD Cowen

TD Cowen analyst Jason Seidl lowered the price target on UPS (NYSE: UPS) to $101.00 (from $107.00) while maintaining a Hold rating.

The analyst commented, "2Q ~ in line with Street estimates though UPS pulled financial guidance given increased uncertainties in the global trade economy. Amazon glide down should accelerate in 2H though employee buyout agreements challenge domestic margins in the near-to-medium term. Tariff uncertainties are re-shuffling trade, challenging most profitable lanes. PT to $101, reiterate Hold."

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