UPS price target lowered to $128 from $150 at Wells Fargo

Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on UPS (UPS) to $128 from $150 and keeps an Overweight rating on the shares. Coming off its callback the firm would argue the selloff is overdone. Strategically, derisking Amazon (AMZN) is the right move, and it comes as industry fundamentals are reasonably solid. There is risk, but Wells thinks the market is too pessimistic on 2026 EPS.