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UPS

UPS

$117.29

-0.03 (-0.03%)

, WKHS

Workhorse Group

$2.23

-0.055 (-2.41%)

15:52
06/14/18
06/14
15:52
06/14/18
15:52

UPS to purchase 950 electric delivery trucks from Workhorse, Trucks.com says

UPS (UPS) plans to buy 950 electric delivery trucks from Workhorse Group (WKHS) in what appears to be a major order for the electric vehicle startup, Trucks.com reports. "This is a significant deal because it will be the largest order of electric vehicles in that class in the United States," Duane Hughes, president of Workhorse, told Trucks.com. The vehicles weigh 5,500 pounds, come with 1,000-cubic foot cargo bays, and can hold about 5,000 pounds of payload, the report says. Reference Link

UPS

UPS

$117.29

-0.03 (-0.03%)

WKHS

Workhorse Group

$2.23

-0.055 (-2.41%)

  • 21

    Aug

  • 22

    Aug

  • 23

    Aug

UPS UPS
$117.29

-0.03 (-0.03%)

05/02/18
DBAB
05/02/18
NO CHANGE
Target $133
DBAB
Buy
Deutsche sees last mile competition having 'muted' impact on XPO
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.
05/14/18
BOFA
05/14/18
UPGRADE
Target $144
BOFA
Buy
UPS upgraded to Buy from Neutral at BofA/Merrill
BofA analyst Ken Hoexter upgraded UPS to Buy and raised its price target to $144 from $120. Hoexter thinks UPS's Network Transformation plan that will be launched in a couple months will improve its cost structure and margins, and could prove to be the turning point for the company and drive the multiple back toward historical levels.
05/14/18
05/14/18
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. UPS (UPS) upgraded to Buy from Neutral at BofA/Merrill with analyst Ken Hoexter saying he thinks UPS's Network Transformation plan that will be launched in a couple months will improve its cost structure and margins, and could prove to be the turning point for the company and drive the multiple back toward historical levels. 2. FMC Corporation (FMC) upgraded to Buy from Neutral at Goldman Sachs with analyst Robert Koort saying the solid first quarter report convinced him to change his rating as pro forma orgnaic growth rates were very strong, and earnings contribution from the DowDuPont (DWDP) acquisition far exceeded his expectations. 3. L Brands (LB) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying he acknowledges this is "not an 'all's clear' type of call," and that things may get worse before they get better, however, he feels consensus sentiment has become so bearish and the stock's valuation is "just too cheap to ignore." 4. Lear (LEA) upgraded to Outperform from In Line at Evercore ISI with analyst Chris McNally saying he sees double digit earnings growth through 2020 with earnings growth set to accelerate in 2019 on the back of the GM truck launch and acceleration of E-Systems given megatrends in Electrification & Connectivity. 5. CSX (CSX) upgraded to Neutral from Sell at Goldman Sachs with analyst Matt Reustle citing better risk/reward following successful execution of Q1 network initiatives. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/18
LOOP
05/30/18
NO CHANGE
Target $139
LOOP
Buy
UPS price target raised to $139 from $135 at Loop Capital
Loop Capital analyst Rick Paterson raised his price target on UPS to $139 and kept his Buy rating, saying the stock still trades about 11% below the level seen going into the Q4 earnings call when the company expressed its plans to boost capital spending to $6.5-$7.0B. Paterson adds that following the "obvious" free cash flow implications, the stock has bottomed in March and continues to grind higher through the "5 stages of grief", ending at "acceptance". The analyst expects the grind higher to continue, extending his model through FY23, while also noting that its current 15.5-times PE multiple is over 2 points below the 5-year and 10-year averages.
WKHS Workhorse Group
$2.23

-0.055 (-2.41%)

08/17/17
COWN
08/17/17
INITIATION
Target $5
COWN
Outperform
Workhorse Group initiated with an Outperform at Cowen
Cowen analyst Jeffrey Osborne initiated coverage of Workhorse Group with an Outperform rating. He said the company recently showcased its W-15 electric pickup truck and said it is a key product as the company tries to penetrate the electric vehicle market. Osborne has a $5.25 price target on Workhorse Group shares.

TODAY'S FREE FLY STORIES

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06/21/18
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RYTM

Rhythm Pharmaceuticals

$26.45

0.21 (0.80%)

22:08
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AMCX

AMC Networks

$67.45

1.28 (1.93%)

22:06
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  • 26

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APTX

Aptinyx

$0.00

(0.00%)

20:45
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  • 21

    Jun

AVRO

AvroBio

$0.00

(0.00%)

20:44
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AvroBio 5.25M share IPO priced at $19.00 »

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  • 21

    Jun

TV

Televisa

$18.25

0.51 (2.87%)

20:43
06/20/18
06/20
20:43
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20:43
Downgrade
Televisa rating change at Scotiabank »

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CX

Cemex

$6.33

0.115 (1.85%)

20:42
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06/20
20:42
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20:42
Upgrade
Cemex rating change at Santander »

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PH

Parker-Hannifin

$164.49

0.74 (0.45%)

20:41
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06/20
20:41
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20:41
Downgrade
Parker-Hannifin rating change at Wells Fargo »

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KMT

Kennametal

$37.44

1.11 (3.06%)

20:41
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06/20
20:41
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20:41
Downgrade
Kennametal rating change at Wells Fargo »

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SYNT

Syntel

$34.07

0.65 (1.94%)

20:40
06/20/18
06/20
20:40
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20:40
Downgrade
Syntel rating change at Wells Fargo »

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  • 28

    Jun

MGTA

Magenta Therapeutics

$0.00

(0.00%)

20:28
06/20/18
06/20
20:28
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20:28
Syndicate
Magenta Therapeutics 6.667M share IPO priced at $15.00 »

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  • 21

    Jun

XERS

Xeris Pharmaceuticals

$0.00

(0.00%)

20:26
06/20/18
06/20
20:26
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20:26
Syndicate
Xeris Pharmaceuticals 5.7M share IPO priced at $15.00 »

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  • 21

    Jun

KR

Kroger

$26.21

0.21 (0.81%)

, DRI

Darden

$93.27

-1.34 (-1.42%)

20:25
06/20/18
06/20
20:25
06/20/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KR

Kroger

$26.21

0.21 (0.81%)

DRI

Darden

$93.27

-1.34 (-1.42%)

CMC

Commercial Metals

$23.67

0.44 (1.89%)

PDCO

Patterson Companies

$22.54

0.07 (0.31%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Jun

  • 21

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  • 21

    Jun

  • 28

    Jun

  • 10

    Jul

IIIV

i3 Verticals

$0.00

(0.00%)

20:24
06/20/18
06/20
20:24
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Syndicate
i3 Verticals 6.65M share IPO priced at $13.00 »

The deal priced at the…

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  • 21

    Jun

KZR

Kezar Life Sciences

$0.00

(0.00%)

20:23
06/20/18
06/20
20:23
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20:23
Syndicate
Kezar Life Sciences 5M share IPO priced at $15.00 »

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  • 21

    Jun

LPL

LG Display

$8.91

-0.015 (-0.17%)

20:08
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06/20
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Periodicals
LG Display discussing early retirement options for workers, Bloomberg reports »

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EGO

Eldorado Gold

$1.13

-0.02 (-1.75%)

20:05
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Hot Stocks
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SPX

S&P 500

$0.00

(0.00%)

, RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

19:43
06/20/18
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Periodicals
Trump planning to meet with Russia's Putin in Europe next month, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

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CEO

CNOOC

$163.48

2.345 (1.46%)

19:29
06/20/18
06/20
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CNOOC to proceed with expansion in Canada's oil sands, Reuters reports »

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TM

Toyota

$134.34

-1.815 (-1.33%)

19:14
06/20/18
06/20
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Periodicals
Toyota to reduce marketing costs to fund new research, Reuters reports »

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FB

Facebook

$202.08

4.62 (2.34%)

, GOOG

Alphabet

$1,169.38

1.52 (0.13%)

19:06
06/20/18
06/20
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Periodicals
FTC chair wants to explore market power of big internet firms, Reuters says »

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FB

Facebook

$202.08

4.62 (2.34%)

GOOG

Alphabet

$1,169.38

1.52 (0.13%)

GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

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  • 28

    Oct

RYAAY

Ryanair

$117.11

3.54 (3.12%)

19:01
06/20/18
06/20
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IAG, Ryanair preparing EU legal challenge over air traffic strikes, FT reports »

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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

, MU

Micron

$58.97

-0.26 (-0.44%)

19:00
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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

MU

Micron

$58.97

-0.26 (-0.44%)

SCS

Steelcase

$15.55

0.2 (1.30%)

LITE

Lumentum

$56.45

0.8 (1.44%)

HPQ

HP Inc.

$23.31

-0.215 (-0.91%)

THO

Thor Industries

$104.81

6.5 (6.61%)

GLW

Corning

$28.40

0.015 (0.05%)

AOBC

American Outdoor Brands

$13.22

0.13 (0.99%)

LMNR

Limoneira

$26.65

0.63 (2.42%)

VERI

Veritone

$21.52

-0.64 (-2.89%)

TRUP

Trupanion

$41.07

0.8 (1.99%)

ARRS

Arris

$25.51

0.015 (0.06%)

WIX

Wix.com

$107.70

1.15 (1.08%)

03/08/13
Wedge Partners
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  • 20

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  • 21

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  • 21

    Jun

DIS

Disney

$107.28

1.08 (1.02%)

18:55
06/20/18
06/20
18:55
06/20/18
18:55
Periodicals
Disney puts future 'Star Wars' spinoffs on hold, Collider reports »

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  • 20

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

, SPX

S&P 500

$0.00

(0.00%)

18:54
06/20/18
06/20
18:54
06/20/18
18:54
Periodicals
Trump sees U.S. quarterly GDP going much higher, Bloomberg reports »

Says the head of U.S.…

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

SPX

S&P 500

$0.00

(0.00%)

X

U.S. Steel

$35.72

0.56 (1.59%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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