UPS price target lowered to $100 from $120 at Truist

Truist analyst Lucas Servera lowered the firm’s price target on UPS (UPS) to $100 from $120 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results among Freight & Logistics companies. The quarter will broadly reflect a freight market that is stabilizing but not yet expanding, and while carrier exits, regulatory tightening, and balanced pricing are gradually setting the stage for normalization, a sustained rebound will depend on a more meaningful recovery in demand, the analyst tells investors in a research note. Truist adds that it expects the management tone during earnings season to remain cautious but constructive, emphasizing cost discipline, network efficiency, and the potential for macro catalysts.