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Fly News Breaks for June 6, 2017
LMAT, SOI, GDI, UPS, FDX, HIG
Jun 6, 2017 | 10:34 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hartford Financial (HIG) initiated with a Buy at Deutsche Bank. 2. FedEx (FDX) and UPS (UPS) were initiated with a Neutral at Seaport Global. 3. Gardner Denver (GDI) was initiated with an Outperform at William Blair and Baird, an Overweight at Piper Jaffray, a Buy at Stifel, UBS, and Goldman Sachs, as well as a Neutral at Credit Suisse. 4. Solaris Oilfield (SOI) was initiated with an Outperform at Wells Fargo, Oppenheimer, Evercore ISI, and Credit Suisse, an Overweight at Piper Jaffray, as well as a Buy at Goldman Sachs and Wunderlich. 5. LeMaitre (LMAT) initiated with a Hold at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
News For HIG;FDX;UPS;GDI;SOI;LMAT From the Last 2 Days
UPS
Mar 28, 2024 | 07:32 EDT
TD Cowen lowered the firm's price target on UPS to $140 from $147 and keeps a Hold rating on the shares. The firm said they attended UPS' investor day this week at the company's Worldport facility in Louisville and noted management set out their financial targets through 2026. Cowen believes the revenue guide is very aggressive and were disappointed that they do not expect their P&L targets to translate into higher free cash flow. Also, overcapacity remains a major concern among investors.
UPS
Mar 28, 2024 | 06:58 EDT
Stifel lowered the firm's price target on UPS to $170 from $178 and keeps a Buy rating on the shares after the company hosted its first analyst day since 2021 and highlighted progress made on several strategic initiatives. The new multi-year outlook presented exceeded Street expectations, but back-end weighted targets that necessitate market recovery "may be optimistic, especially after 2023's weak demand and labor challenges," the analyst tells investors in a recap note. While investors will have to be more patient to see benefits accrue, the firm says it feels "good about UPS' ability to execute," the analyst added.