Analysts Cut UPS, Schwab Targets as Utilities Gain

Brokers made a flurry of target price adjustments on Thursday, with cuts clustering in financials and logistics while utilities got modest bumps.

Morgan Stanley trimmed SCHW to $132 from $141, keeping a Buy rating. The move follows a week when broader financial conditions showed some softness. DA Davidson moved the other way on KEY, lifting its target to $27 from $26 and maintaining a Buy. Regional banks have been a mixed bag, but KeyCorp's direction of travel looks more positive to at least one desk.

UPS took a knock from Bernstein, which cut its target to $127 from $131 while holding a Buy. The delivery giant faces well-documented pressure on volumes. Separate ORTEX alt data shows EU airport movements in March 2026 were the weakest in four years. That broader logistics demand softness is consistent with the Bernstein move.

On the utility side, Morgan Stanley nudged CMS down to $73 from $77 on a Hold, but lifted CNP to $39 from $38 on the same Hold rating. ATO got a small bump to $182 from $179.

CRM saw a quiet upgrade in tone. DA Davidson raised its target to $250 from $225, keeping a Hold. That is a 10% target lift without a ratings change, suggesting the analyst sees a narrowing gap between price and fair value.

COST consensus edged up on a target price revision, with 24 analysts holding Buy ratings. The warehouse retailer remains a crowded Bull case on Wall Street.