Information Provided By:
Fly News Breaks for May 2, 2018
R, WERN, UPS, XPO
May 2, 2018 | 11:20 EDT
Deutsche Bank analyst Amit Mehrotra highlights a Reuters report saying UPS (UPS) and Werner Enterprises (WERN) are in in talks to partner on a new in-home delivery service for bulk goods. This development follows Ryder's (R) acquisition last month of MXD Group, Mehrotra tells investors in an intraday research note. The analyst sees implications for XPO, noting the company's last mile delivery of heavy goods is one of its fastest growing businesses. Despite the headline risks, fundamental implications for XPO are likely "muted," Mehrotra contends. He believes XPO has built a competitive advantage around its owned service center model and sees the heavy goods last mile market, estimated at $13B per annum and growing at 10%-15%, as allowing for more entrants without much impact to existing players. XPO in morning trading is down 2% to $93.89. Mehrotra has a Buy rating on the shares with a $133 price target.
News For XPO;UPS;WERN;R 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.
UPS
Mar 26, 2024 | 16:25 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
Mar 26, 2024 | 12:08 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
Mar 26, 2024 | 12:00 EDT
Sees 1H profits down 20%-30%, up to 30% up in 2H. Comments taken from the company's Analyst and Investor Day event.
UPS
Mar 26, 2024 | 08:57 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Krispy... To see the rest of the story go to thefly.com. See Story Here
UPS
Mar 26, 2024 | 06:04 EDT
Under a better and bolder approach, UPS will continue its Customer First, People Led, Innovation Driven strategy, and is positioning itself to become the premium small package provider and logistics partner in the world. During the conference, UPS will highlight several strategic initiatives that will enable market share capture and expand its addressable market to drive incremental growth. In addition, the company will share details about how it will lower its cost to serve through its Network of the Future initiative, a plan that will optimize and further automate its core integrated network. "We executed the strategy we set forth nearly three years ago by changing almost every aspect of our business. After coming off a difficult market in 2023, the small package industry is poised to return to growth in 2024 and beyond. Over the next three years, we plan to make bold moves to create a growth flywheel in premium markets, while at the same time drive higher productivity and efficiency," said Carol Tome, UPS CEO. "The growth and productivity initiatives we are executing will result in higher revenue, expanded operating margins and increased free cash flow to deliver long-term value to our shareowners."
UPS
Mar 26, 2024 | 06:02 EDT
UPS will host its investor and analyst conference on March 26 at its Worldport air hub in Louisville, KY beginning at 9:15 a.m. ET. At the conference, the company will share details of its strategic growth and productivity initiatives and discuss its three-year financial targets. The company provides certain guidance on an adjusted basis because it is not possible to predict or provide a reconciliation reflecting the impact of future unanticipated events, which would be included in reported results and could be material. The company will discuss its 2026 financial targets as follows: Consolidated revenue ranging from approximately $108 billion to approximately $114 billion. Consolidated adjusted* operating margin above 13%. U.S. Domestic Package segment adjusted operating margin of at least 12%. International Package segment adjusted* operating margin between 18% and 19%. Supply Chain Solutions adjusted operating margin of around 12%. Free cash flow of between $17 billion and $18 billion. Capital spending from 2024-2026 of approximately 5.5% of total revenue.