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FDX

FedEx

$251.99

2.38 (0.95%)

, TSLA

Tesla

$310.55

-3.01 (-0.96%)

18:07
03/20/18
03/20
18:07
03/20/18
18:07

FedEx says to expect Tesla electric vehicle purchases in the near future

FDX

FedEx

$251.99

2.38 (0.95%)

TSLA

Tesla

$310.55

-3.01 (-0.96%)

  • 20

    Mar

  • 20

    Mar

  • 21

    Mar

FDX FedEx
$251.99

2.38 (0.95%)

02/23/18
02/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Outperform from Market Perform at Bernstein with analyst David Vernon saying he expects revenue and earnings growth to be driven by a strengthening global economy and rising interest rates, the tightening domestic transportation market and demand for B2C delivery. 2. BT Group (BT) upgraded to Buy from Hold at Berenberg. 3. Financial Engines (FNGN) upgraded to Outperform from Market Perform at William Blair with analyst Robert Napoli citing the company's "strong" quarter. 4. Lennar (LEN) upgraded to Outperform from In Line at Evercore ISI. 5. Devon Energy (DVN) upgraded to Buy from Hold at KLR Group with analyst John Gerdes noting that the stock is down over 30% and has significantly underperformed the sector since late January, when he had previously downgraded it. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/18
WELS
02/28/18
NO CHANGE
WELS
Amazon delivery pilot program not incremental development, says Wells Fargo
Wells Fargo analyst Matthew Troy notes that Amazon (AMZN) announced the launching of a pilot program to pick-up and deliver packages in Los Angeles. The analyst does not view Shipping with Amazon as an incremental development in the e-Commerce giant's strategy or a change in the competitive risk dynamic for either UPS (UPS) or FedEx (FDX). Troy highlights that Amazon already offers a similar service in London, and is already delivering packages in nearly 40 U.S. cities. He still believes it would cost Amazon between $50B-$100B to build out a global network with sufficient reach and scale to compete directly with FedEx and UPS.
03/13/18
SBSH
03/13/18
NO CHANGE
Target $304
SBSH
Buy
FedEx stock 'lull' brings buying opportunity, says Citi
Citi analyst Christian Wetherbee believes the "lull" in FedEx shares presents a buying opportunity ahead of June. The analyst, however, lowered his Q3 earnings per share estimate to $3.10 from $3.30 to reflect "some challenging" January weather. FedEx will provide two positive messages in June, Wetherbee tells investors in a research note. The first being Ground capex declining and the second will be above consensus fiscal 2019 guidance, the analyst contends. He sees "material upside potential" in FedEx shares and keeps a Buy rating on the name with a $304 price target.
03/16/18
OPCO
03/16/18
NO CHANGE
Target $274
OPCO
Outperform
FedEx price target raised to $274 at Oppenheimer ahead of Q3 earnings report
Oppenheimer analyst Scott Schneeberger raised his price target on FedEx to $274 from $265 and reiterated his Outperform rating on shares ahead of the company's Q3 earnings release on March 20. In a research note to investors, the analyst said FedEx appears to have executed well during 2017's peak season, delivering "strong" service levels as it seemingly achieved its operational and financial goals. Schneeberger anticipates continued segment margin expansion in Ground, and noted that the business environment for Express and Freight has been "favorable" considering strong international air freight and Less Than Truckload market conditions. The analyst also said he is "incrementally conservative" on FedEx's overall operating environment and execution.
TSLA Tesla
$310.55

-3.01 (-0.96%)

02/08/18
MSCO
02/08/18
NO CHANGE
Target $379
MSCO
Equal Weight
Tesla expectations potentially peaking, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that Tesla's cash consumption in Q4 was better than both he and the market expected, though its automotive gross margin excluding ZEV credits was weaker than expected and its FY18 Model S and X volume guidance was "well below" his forecast. Jonas still thinks Tesla is fairly valued, with high risk and potentially peaking expectations, and he keeps an Equal Weight rating and $379 price target on the stock following the company's earnings report.
03/08/18
SBSH
03/08/18
NO CHANGE
Target $347
SBSH
Neutral
Tesla price target lowered to $347 from $367 at Citi
Citi analyst Itay Michael lowered his price target for Tesla to $347 following the company's annual filing and Q4 results. To reflect the previously announced slower Model 3 ramp and other updated inputs, the analyst lowered his 2018-2020 earnings per share estimates to ($8.32), $4.89 and $12.30 from ($1.22), $5.07 and $14.21. Michael models a $1B free cash flow burn this year "aided to some extent by working capital as the Model 3 ramps." He believes Tesla shares "could stay fairly range bound" until the April production update. The analyst keeps a Neutral rating on the stock.
03/13/18
KEYB
03/13/18
NO CHANGE
KEYB
Sector Weight
Tesla Model 3 deliveries continue to ramp slowly says KeyBanc
KeyBanc analyst Brad Erickson spoke to 25 Tesla sales centers regarding S/X demand and Model 3 deliveries in light of the recent backlog increase. Regarding why S/X backlog has increased to three months versus the historical six-to-eight week norm, the analyst says he "detected evident salesperson confusion in responses." He thinks this does not bode well from a longer-term demand perspective. Model 3 deliveries continue to ramp slowly and an initial evaluation and interviews with the Model 3 secondary market doesn't bode well for a post-tax subsidy world, Erickson tells investors in a research note titled "Confusion Often Means There's No Confusion." Sentiment on Tesla shares is "muted at the moment but the overall demand commentary remains too mixed for our taste," the analyst adds. He keeps a Sector Weight rating on Tesla.
03/19/18
JEFF
03/19/18
NO CHANGE
Target $250
JEFF
Underperform
Jefferies sees 'minor red flags' in Tesla annual filing, ups target to $250
Tesla's annual filing contains "minor red flags," Jefferies analyst Philippe Houchois tells investors in a research note. Purchase obligations of $2.7B imply fiscal year production in the 250,000-400,000 range, leaving "limited room for error," Houchois writes. His production estimate for the year is 273,000 units. Further, the analyst believes Tesla's lease accounting change helps profit but may understate liabilities by removing $3B of resale value guarantee from accounts but not the economic risk. Stopping Model 3 production for a week to reduce bottlenecks should have improved the odds of posting close to a 2,500 vehicle per week run-rate by Q1 end, the analyst adds. He assumes Q1 deliveries of 35,000, including 10,000 Model 3s and 13% gross margin. Houchois raised his price target for Tesla shares to $250 from $240 and keeps an Underperform rating on the stock.

TODAY'S FREE FLY STORIES

CGC

Canopy Growth

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T

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$33.21

0.13 (0.39%)

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DIS

Disney

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  • 11

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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08/17
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Technical Analysis
NYSE market internals summary »

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11:15
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General news
Treasury Option Action: put butterfly positioning in the belly »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

11:13
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08/17
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11:13
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

TSM

TSMC

$39.87

-0.55 (-1.36%)

NVDA

Nvidia

$247.00

-10.57 (-4.10%)

AMD

AMD

$19.48

0.14 (0.72%)

OSTK

Overstock.com

$30.75

0.55 (1.82%)

DPW

DPW Holdings

$0.42

0.019 (4.76%)

KODK

Kodak

$2.90

-0.1 (-3.33%)

SSC

Seven Stars Cloud Group

$1.99

0.01 (0.51%)

RIOT

Riot Blockchain

$5.35

-0.055 (-1.02%)

TEUM

Pareteum

$2.52

-0.01 (-0.40%)

SRAX

Social Reality

$4.18

-0.16 (-3.69%)

03/08/13
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  • 23

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11:05
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General news
The U.S. QSS figures »

The U.S. QSS figures that…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

, ESPR

Esperion

$48.10

1.41 (3.02%)

11:04
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08/17
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11:04
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

ESPR

Esperion

$48.10

1.41 (3.02%)

DSW

DSW

$25.85

-1.97 (-7.08%)

MTCH

Match Group

$46.87

0.49 (1.06%)

03/08/13
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03/06/13
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  • 28

    Aug

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FIBK

First Interstate

$45.20

(0.00%)

11:02
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11:02
Hot Stocks
First Interstate completes acquisition of Northwest Bancorporation »

Effective August 16,…

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  • 07

    Nov

LB

L Brands

$32.34

0.24 (0.75%)

11:00
08/17/18
08/17
11:00
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11:00
Options
Defensive one-week option play in L Brands ahead of earnings »

Defensive one-week option…

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  • 23

    Aug

SYMC

Symantec

$19.44

0.115 (0.60%)

10:40
08/17/18
08/17
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10:40
Options
Symantec sees in the money put buying »

Symantec sees in the…

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  • 12

    Sep

DE

Deere

$136.75

-0.63 (-0.46%)

10:39
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Breaking Hot Stocks news story on Deere »

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  • 17

    Aug

TSLA

Tesla

$313.73

-21.73 (-6.48%)

10:37
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Technical Analysis
Technical Take: Tesla nearing bearish head and shoulders target »

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  • 29

    Oct

PK

Park Hotels & Resorts

$32.15

-0.19 (-0.59%)

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10:35
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General news
FX Action: Cable is set to rack up a sixth consecutive week of declines »

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WBK

Westpac Banking

$21.99

0.09 (0.41%)

10:33
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Downgrade
Westpac Banking rating change  »

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  • 10

    Sep

DE

Deere

$137.29

-0.09 (-0.07%)

10:31
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  • 17

    Aug

SPY

SPDR S&P 500 ETF Trust

$283.54

-0.55 (-0.19%)

10:30
08/17/18
08/17
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10:30
Options
Bullish end of year play in SPYders »

Bullish end of year play…

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10:25
08/17/18
08/17
10:25
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10:25
General news
The Michigan sentiment drop to an 11-month low »

The Michigan sentiment…

GERN

Geron

$3.99

0.04 (1.01%)

10:20
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Options
Geron draws far upside call buyers »

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  • 04

    Sep

10:20
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General news
U.S. leading indicator rose 0.6% to 110.7 in July »

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DARE

Dare Bioscience

$1.01

0.01 (1.00%)

, WSC

WillScot

$16.10

0.2 (1.26%)

10:18
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On The Fly: Top five analyst initiations »

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DARE

Dare Bioscience

$1.01

0.01 (1.00%)

WSC

WillScot

$16.10

0.2 (1.26%)

LGND

Ligand

$237.18

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COT

Cott Corp.

$15.98

0.34 (2.17%)

AZRE

Azure Power

$15.95

(0.00%)

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  • 06

    Nov

DF

Dean Foods

$8.01

-0.62 (-7.18%)

, WAB

Wabtec

$108.87

-1.73 (-1.56%)

10:17
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08/17
10:17
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10:17
Downgrade
On The Fly: Top five analyst downgrades »

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DF

Dean Foods

$8.01

-0.62 (-7.18%)

WAB

Wabtec

$108.87

-1.73 (-1.56%)

YUMC

Yum China

$34.48

-0.85 (-2.41%)

DSW

DSW

$25.77

-2.05 (-7.37%)

SUI

Sun Communities

$101.22

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  • 28

    Aug

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
08/17/18
08/17
10:17
08/17/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
08/17/18
08/17
10:16
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10:16
Technical Analysis
NYSE market internals summary »

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