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FDX

FedEx

$235.89

0.95 (0.40%)

, UPS

UPS

$108.56

-0.01 (-0.01%)

11:25
07/10/18
07/10
11:25
07/10/18
11:25

Wolfe Research transportation analyst holds a luncheon

Transportation Analyst Group discusses the latest volume and pricing trends across freight, what now for CSX and the rails, FDX vs UPS and the best ideas for the remainder of 2018 at a group luncheon to be held in New York on July 10 at 12 pm hosted by Wolfe Research.

FDX

FedEx

$235.89

0.95 (0.40%)

UPS

UPS

$108.56

-0.01 (-0.01%)

CSX

CSX

$65.71

-0.78 (-1.17%)

  • 10

    Jul

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    Jul

  • 06

    Aug

  • 07

    Aug

  • 08

    Aug

  • 26

    Aug

  • 17

    Sep

  • 20

    Sep

  • 21

    Sep

FDX FedEx
$235.89

0.95 (0.40%)

06/21/18
ARGS
06/21/18
NO CHANGE
Target $290
ARGS
Buy
FedEx to produce double-digit earnings growth in FY19-20, says Argus
Argus analyst John Eade kept his Buy rating and $290 price target on FedEd after its Q4 earnings beat, saying the company could post more positive than negative surprises in the comping quarters. Eade notes that despite the 3.6% advance in the most recent quarter, FedEx stock is still nearly 9% off its all-time highs, trading near its range-low valuation. The analyst also expects the management to produce double-digit earnings growth in FY19-FY20 based on his assumptions of high-single digit revenue growth, margin improvement, and share buybacks.
06/29/18
LOOP
06/29/18
NO CHANGE
Target $1900
LOOP
Buy
Amazon's Last Mile delivery is a 'capital efficient' model, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $1,900 price target on Amazon (AMZN), saying that while the company's launch of a third-party distribution program is not necessarily a "game changer" in the near term, it is a "capital efficient" model that lessens its reliance on FedEx (FDX), UPS (UPS), and the Postal Service amid heightened political tensions. The analyst also discusses Amazon's acquisition of PillPack as a "trojan horse" entry intro the pharmacy business, stating that although the company is a small niche player, Amazon's rationale was driven by PillPack having 50 U.S. state licenses for drug distribution, which would have taken the former years to accrue.
06/29/18
BERN
06/29/18
NO CHANGE
Target $296
BERN
Outperform
Amazon contractor model 'not a direct threat' to FedEx, UPS, Bernstein says
Amazon yesterday announced plans to launch a program that would help entrepreneurs start local delivery businesses. Bernstein analyst David Vernon tells investors in a research note that the Delivery Service Providers program is closely modeled after FedEx's (FDX) Ground Independent Service Provider model, but says he believes that the evolution of the Amazon contractor model is not a direct threat to the FedEx and UPS (UPS) networks. The biggest threat, he says, is to growth at USPS. Vernon has an Outperform rating on FexEx and UPS, with respective price targets of $296 and $137.
06/29/18
MSCO
06/29/18
NO CHANGE
MSCO
Amazon to insource growing part of own volume over time, says Morgan Stanley
After Amazon (AMZN) announced yesterday that it is inviting entrepreneurs to form small delivery companies, Morgan Stanley analyst Brian Nowak called it the company's most overt and public move yet in relation to building out its in-house logistics network. Nowak remains cautious on the parcel companies overall and keeps an Underweight rating on UPS (UPS) and an Equal Weight rating on FedEx (FDX), stating that he expects Amazon to insource a growing percentage of its own volumes over time. In the "best case scenario," UPS and FedEx will not grow with Amazon in e-commerce, which could be a significant drag, while in a "worst case scenario" Amazon becomes a full-fledged competitor, Nowak added.
UPS UPS
$108.56

-0.01 (-0.01%)

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.
CSX CSX
$65.71

-0.78 (-1.17%)

05/14/18
GSCO
05/14/18
UPGRADE
Target $60
GSCO
Neutral
CSX upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Matt Reustle upgraded CSX to Neutral and raised its price target to $60 from $52 citing better risk/reward following successful execution of Q1 network initiatives.
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.
05/24/18
STFL
05/24/18
INITIATION
Target $73
STFL
Buy
CSX resumed with a Buy at Stifel
Stifel analyst Michael Baudendistel resumed coverage of CSX with a Buy rating and $73 price target, citing his belief that CSX has the most margin improvement potential of the Class I rails given the initiatives launched by Hunter Harrison and being continued under Jim Foote.
06/08/18
DBAB
06/08/18
NO CHANGE
Target $79
DBAB
Buy
CSX price target raised to $79 from $70 at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra raised his price target for CSX to $79 after spending time with management. The analyst says that while he's been positive on the shares, he came away "much more positive" on prospective opportunities for cost take-out both with respect to management's focus on cost reduction across the enterprise as well as magnitude of opportunities. The analyst keeps a Buy rating on CSX shares.

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BYD

Boyd Gaming

$31.86

0.13 (0.41%)

, GLPI

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$34.09

0.01 (0.03%)

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  • 01

    Nov

ROK

Rockwell Automation

$172.89

2.3 (1.35%)

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VIPS

Vipshop

$5.41

0.345 (6.82%)

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FTSI

FTS International

$12.21

0.3 (2.52%)

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SPY

SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

, SPX

S&P 500

$0.00

(0.00%)

08:41
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General news
Trump says Saudi Arabia's King denies knowledge of what happened to journalist »

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SPDR S&P 500 ETF Trust

$275.95

3.51 (1.29%)

SPX

S&P 500

$0.00

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HSC

Harsco

$24.87

-0.24 (-0.96%)

08:40
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  • 31

    Oct

08:40
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General news
U.S. retail sales rose 0.1% in September, and fell 0.1% excluding autos »

U.S. retail sales rose…

KRYS

Krystal Biotech

$15.49

0.58 (3.89%)

08:40
10/15/18
10/15
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08:40
Conference/Events
Krystal Biotech to hold a conference call »

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  • 15

    Oct

DLGNF

Dialog Semiconductor

$0.00

(0.00%)

08:39
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10/15
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GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

, PENN

Penn National

$29.91

1.33 (4.65%)

08:39
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Gaming and Leisure enters into master lease with Boyd to include 3 properties »

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GLPI

Gaming and Leisure Properties

$34.09

0.01 (0.03%)

PENN

Penn National

$29.91

1.33 (4.65%)

PNK

Pinnacle Entertainment

$32.57

0.57 (1.78%)

BYD

Boyd Gaming

$31.86

0.13 (0.41%)

03/08/13
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  • 01

    Nov

TNDM

TNDM

08:39
10/15/18
10/15
08:39
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08:39
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  • 27

    Nov

NTRI

Nutrisystem

$37.12

1.11 (3.08%)

08:39
10/15/18
10/15
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08:39
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PH

Parker-Hannifin

$167.41

1.71 (1.03%)

08:38
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MTNB

Matinas BioPharma

$0.82

0.0363 (4.63%)

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PENN

Penn National

$29.91

1.33 (4.65%)

, PNK

Pinnacle Entertainment

$32.57

0.57 (1.78%)

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PENN

Penn National

$29.91

1.33 (4.65%)

PNK

Pinnacle Entertainment

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0.57 (1.78%)

BYD

Boyd Gaming

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0.13 (0.41%)

GLPI

Gaming and Leisure Properties

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  • 01

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CUBI

Customers Bancorp

$21.82

-1.01 (-4.42%)

08:37
10/15/18
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ALBO

Albireo Pharma

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  • 17

    Oct

LLL

L3 Technologies

$195.99

0.74 (0.38%)

, HRS

Harris

$154.88

0.61 (0.40%)

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LLL

L3 Technologies

$195.99

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  • 15

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CPST

Capstone Turbine

$0.94

-0.0441 (-4.48%)

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  • 08

    Nov

CUBI

Customers Bancorp

$21.82

-1.01 (-4.42%)

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  • 15

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AVDL

Avadel Pharmaceuticals

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08:35
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General news
Oil Action: NYMEX crude rallied to $72.69 highs »

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ENPH

Enphase Energy

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  • 15

    Nov

DIS

Disney

$112.61

1.44 (1.30%)

, FOXA

21st Century Fox

$45.36

0.23 (0.51%)

08:34
10/15/18
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08:34
Recommendations
Disney, 21st Century Fox, 21st Century Fox analyst commentary  »

Disney shares appear…

DIS

Disney

$112.61

1.44 (1.30%)

FOXA

21st Century Fox

$45.36

0.23 (0.51%)

FOX

21st Century Fox

$44.94

0.15 (0.33%)

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  • 13

    Nov

HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

08:34
10/15/18
10/15
08:34
10/15/18
08:34
Recommendations
Harris, L3 Technologies analyst commentary  »

Harris price target…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

03/08/13
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03/06/13
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03/06/13
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  • 15

    Oct

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