2 Shipping Stocks Downgraded on End to Tariff Exemption

Group 1: Downgrades and Price Targets - BofA Global Research downgraded United Parcel Service Inc (UPS) to "underperform" from "neutral" and FedEx Corp (FDX) to "neutral" from "buy" [1] - The price target for UPS was cut to $83 from $91, while FDX's price objective was lowered to $240 from $245 [1] Group 2: Stock Performance and Market Trends - UPS was last seen at $84.06, having previously slipped to a five-year low of $82, with a 33.2% deficit projected for 2025 [2] - FDX was last seen trading at $229.82, with support at the $220 region, but has an 18.34% year-to-date deficit [4] Group 3: Options Trading Activity - UPS's 10-day call/put volume ratio of 6.03 indicates that options traders are more bullish than usual, ranking higher than 94% of annual readings [3] - For FDX, options traders have traded 3,805 puts, which is triple the intraday average, compared to 1,781 calls, with the most popular contract being the weekly 9/12 220-strike put [4]