TD Cowen analyst Jason Seidl lowered the firm’s price target on UPS (UPS) to $117 from $144 and keeps a Hold rating on the shares. The firm said its 4Q beat was overshadowed by the announcement that UPS will phase out over 50% of its Amazon ( AMZN ) volumes on its network by 2H26 leading UPS to materially and quickly right-size its network after a multi-decade partnership.

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