UPS (UPS) PT Lowered to $101 at Stephens

Stephens analyst Jack Atkins lowered the price target on UPS (NYSE: UPS) to $101.00 (from $110.00) while maintaining a Equal Weight rating.

The analyst commented: "UPS reported a 1Q25 earnings beat as relative to our model domestic volume ended 1Q stronger, and supported profitability. However, the 2Q implied earnings guidance was light of consensus as macro uncertainty weighs on profitable SMB business and volume declines accelerate from 1Q. We are also lowering our 2H estimates as UPS expects AMZN volume down ~30% in 2H25 (and we assume lower underlying growth given the backdrop). As UPS right-sizes its network for the lower volume (post Amazon glide-down), it also announced it will be reducing headcount by 20k this year and closing 73 facilities by the end of June. We are encouraged by UPS's capacity reduction and price discipline thus far (expect accelerating 2Q domestic RPP). International profitability was softer in 1Q and is expected to remain lower in 2Q. We maintain our EW rating while our PT moves to $101 (was $110)."

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