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Fly News Breaks for September 14, 2018
UPS
Sep 14, 2018 | 07:29 EDT
After attending UPS' Transformation Conference, Morgan Stanley analyst Ravi Shanker said he views the initiatives laid out by the company as "more incremental than transformative" and he said the financial targets were in-line to somewhat below his expectations. He believes management is taking the right initiatives, but Sanker continues to see revenue risks from "e-commerce giants" becoming competitors, a shift to omnichannel shift and the "resurgent USPS." Shanker keeps an Underweight rating and $92 price target on UPS shares.
News For UPS From the Last 2 Days
UPS
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
UPS
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
UPS
Apr 25, 2024 | 09:44 EDT
UPS
Apr 25, 2024 | 05:25 EDT
HSBC upgraded UPS to Buy from Hold with a price target of $170, up from $150. The company's Q1 results beat on tapering volume decline and an improving costs base, the analyst tells investors in a research note. The firm expects UPS's volumes and margins to turnaround from Q2, with a potential 2024 guidance upgrade to reflect the accretive USPS contract. This could restore confidence in the company's 2026 guidance, contends HSBC. It believes the company's volumes and margins have likely troughed.
UPS
Apr 25, 2024 | 04:40 EDT
HSBC analyst Parash Jain upgraded UPS to Buy from Hold with a $170 price target.
UPS
Apr 24, 2024 | 09:56 EDT
UPS
Apr 24, 2024 | 09:26 EDT
UPS
Apr 24, 2024 | 07:42 EDT
UPS
Apr 24, 2024 | 07:33 EDT
Loop Capital raised the firm's price target on UPS to $161 from $158 and keeps a Hold rating on the shares after its "not as bad as feared" Q1 earnings. Year One of the new Teamsters contract in conjunction with the very weak freight economy has left UPS with a big profitability and earnings hole to climb out of, though labor cost inflation should "dramatically decelerate" in the August quarter while macro conditions hopefully create a path for normalizing freight demand, the analyst tells investors in a research note.
