Morgan Stanley analyst Toni Kaplan called the post-earnings slide in ADT (ADT) shares unwarranted and an overreaction, noting that company's revenue and adjusted EBITDA guidance was just above her estimates at the midpoint. The company's attrition guidance of 13.15% at the midpoint for 2018 is a 55 basis point improvement over attrition rate of the trailing twelve months to Q4, Kaplan added. While becoming more cautious on the competitive landscape after Amazon's (AMZN) acquisition of Ring, Kaplan keeps an Overweight rating on ADT, citing its attractive 11% free cash flow yield. However, she lowered her price target on the stock to $15 from $18. ADT shares fell $1.28, or 12.5%, to close at $8.93 yesterday.

In a post to its website, Amazon staff said, "Later this year, Amazon customers in the West Valley Phoenix Metro Area can receive Prime Air drone deliveries from our Tolleson, AZ Same-Day Delivery site. Since starting drone delivery in College Station, Texas and Lockeford, California in 2022, we've delivered thousands of items to customers in less than an hour. Last year we also began delivering prescription medications in partnership with Amazon Pharmacy to customers in College Station. We've received great feedback from customers and communities as we've rolled out the service. We're now adding a new location and entering into the next stage of the program's evolution. Later this year, drone deliveries are coming to the West Valley of the Phoenix Metro Area in Arizona...As we look to the future and prioritize our resources to continue growing the program, we've also made the decision to close our delivery site in Lockeford. We'll offer all current employees opportunities at other sites, and will continue to serve customers in Lockeford with other delivery methods. We want to thank the community for all their support and feedback over the past few years. We'll continue delivering in College Station, Texas and will open further U.S. locations in 2025." Reference Link

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