United Parcel Service, Inc. (NYSE:UPS) was downgraded by Bank of America Securities from Hold to Sell, with a price target reduction from $91 to $83 on September 11. The downgrade was due to increased pressure on volume and costs from the end of US de minimis exemptions affecting 16% of revenue.

The removal of de minimis exemption is expected to reduce air shipment volumes during the 2025 peak season, leading to a 6% reduction in Q3, 2025, and 2026 EPS estimates. United Parcel Service, Inc. (NYSE:UPS) offers logistics and package delivery services in over 200 countries.

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Read more at Yahoo Finance: Bank of America Securities Downgrades United Parcel Service (UPS) to Sell, Reduces the PT