United Parcel Service (UPS) is likely to see a material inflection in revenue and margin growth in H2 as part of its cost-cutting initiatives that include a push to reduce its reliance on Amazon (AMZN), Bank of America Securities said in a Tuesday research report.
The company achieved $3.5 billion in cost savings in 2025 through a driver reduction program and headcount downsizing, and expects another $3 billion in savings this year from its network reconfiguration and efficiency reimagine programs, analysts wrote.
UPS also intends to reduce operational hours by 25 million in 2026 and trim 30,000 operational positions via attrition. It also identified 24 buildings for closure in H1, according to the note.
BofA cut its Q1 earnings guidance to $1.20 from $1.55, but maintained its fiscal 2026 EPS forecast of $7.10
The brokerage said it reiterated its neutral rating on the stock and raised its price target to $118 per share from $114.
Price: 106.10, Change: -1.10, Percent Change: -1.03
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