1450 ET - Tariff uncertainty and harsh winter weather are likely stifling demand for United Parcel Services during 1Q, BofA Securities says in a research note. As a result, the investment bank cuts its EPS outlook for the package-shipping company by 15%. During its most recent quarterly report, UPS noted it was trending ahead of targets in January, though the analysts expect volumes stalled in February and March, plagued in part by ongoing inflationary pressures and uncertain global trade policies. The cut comes after rival FedEx lowered its fiscal outlook last week, citing soft demand for business-to-business shipments and a weaker consumer. BofA maintains its buy rating on UPS, but lowers its price target to $129 from $133. UPS shares fall 4.7%, on pace for their lowest close since June 2020. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 14:50 ET (18:50 GMT)
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