UPS Downgraded by Bank of America Amid Sluggish Growth and Cost Concerns

United Parcel Service (UPS) has been downgraded by Bank of America analysts after Q2 earnings revealed concerns around sluggish growth and cost pressures. Despite beating EPS and revenue forecasts, analysts lowered their rating to 'Neutral' from 'Buy' and revised their price objective to $98 from $115. They cited tariff pressures, slower cost takeout, accelerating Amazon business declines, and higher Ground Saver costs as reasons for the downgrade.