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UPS

UPS

$112.44

-0.26 (-0.23%)

07:05
07/25/18
07/25
07:05
07/25/18
07:05

UPS backs FY18 adjusted EPS view of $7.03-$7.37, consensus $7.25

"UPS is focused on executing our strategic imperatives for improved efficiency and high-quality growth. We remain confident in our ability to achieve our full-year adjusted earnings per share target," said CFO Richard Peretz. UPS expects 2018 adjusted diluted earnings per share in a range of $7.03 to $7.37. The company raises 2018 free cash flow target to $5.0B. The effective tax rate should be in a range of 23% to 24% for the remainder of the year. Capital expenditures in 2018 are planned between $6.5B-$7.0B.

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UPS UPS
$112.44

-0.26 (-0.23%)

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.
07/16/18
UBSW
07/16/18
UPGRADE
Target $125
UBSW
Buy
UPS upgraded to Buy from Neutral at UBS
UBS analyst Thomas Wadewitz upgraded UPS (UPS) to Buy and raised his price target for the shares to $125 from $121. The analyst this morning also downgraded FedEx (FDX) to Neutral from Buy. The combination of cost and productivity improvements, coupled with a constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS, Wadewitz tells investors in a research note. The analyst believes the company has "multiple cost side drivers" and that the new Teamsters agreement may also facilitate growth.
07/16/18
07/16/18
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. Wells Fargo (WFC) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying current share levels offer an attractive entry point for a "self-help stock" that can generate "material" earnings growth near-term. 2. VF Corp. (VFC) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he sees an attractive risk/reward profile at current share levels given the company's "multi-year inflection." 3. UPS (UPS) upgraded to Buy from Neutral at UBS with analyst Thomas Wadewitz saying the combination of cost and productivity improvements, coupled with a constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS. 4. Autoliv (ALV) upgraded to Outperform from Neutral at Daiwa. 5. Saratoga Investment (SAR) upgraded to Buy from Neutral at Compass Point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
07/16/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. NETFLIX CUT TO UNDERPERFORM AT BUCKINGHAM: Buckingham analyst Matthew Harrigan downgraded Netflix (NFLX) to Underperform from Neutral ahead of the company's earnings report, as he estimates that the stock's current price implies "optimistic" views of the company reaching 360M global members in 2025 and 505M by 2033 along with a long-term operating profit margin near 35%. UBS NOW FAVORS UPS OVER FEDEX: UBS analyst Thomas Wadewitz upgraded UPS (UPS) to Buy from Neutral and raised his price target for the shares to $125 from $121. The combination of cost and productivity improvements, coupled with a "constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS, Wadewitz told investors. The analyst believes the company has "multiple cost side drivers" and that the new Teamsters agreement may also facilitate growth. Wadewitz this morning also downgraded FedEx (FDX) to Neutral from Buy and lowered his price target for the shares to $256 from $283. With a large global Express business representing 55% of revenue and about 13% of revenue linked to Asia, FedEx is exposed to risk from tariffs and potentially slower trade activity, Wadewitz told investors. The analyst sees limited visibility to near term margin expansion as the company is still ramping up integration with TNT in Europe. In midday trading, UPS is up just over 1%, while FedEx is down 1.5%. BMO CUTS HASBRO TO UNDERPERFORM: BMO Capital analyst Gerrick Johnson downgraded Hasbro to Underperform from Market Perform and lowered his price target to $75 from $80. The analyst noted that the liquidation of Toys R US may be "more impactful than investors realize" after the initial 9% rally in the stock price on "relief that things were not worse", even as retailers are becoming more selective in the "pantry loading" inventory restocking process. JPMORGAN SEES LOW THREAT FROM AMAZON TO NETWORK EQUIPMENT STOCKS: JPMorgan analyst Samik Chatterjee told investors in a research note that he believes the threat of Amazon (AMZN) entering into the networking equipment market is "relatively low" for networking equipment stocks including Arista Networks (ANET), Cisco Systems (CSCO), and Juniper Networks (JNPR), contending that AWS' switching product will target data center capital spending from large enterprise customers, which is only a $2.5B opportunity relative to the $12B data center switching and $16B campus switching market.

TODAY'S FREE FLY STORIES

MGLN

Magellan Health

$68.15

(0.00%)

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HOG

Harley-Davidson

$33.01

-1.24 (-3.62%)

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09:45
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General news
Richmond Fed Manufacturing Index Level to be reported at 10:00 »

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General news
Existing Home Sales to be reported at 10:00 »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

09:40
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09:40
Hot Stocks
FDA sends warning letter to Curaleaf over unapproved, 'misbranded' drugs »

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ETN

Eaton

$79.54

(0.00%)

, SHLAF

Schindler

$0.00

(0.00%)

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Eaton appoints Silvio Napoli to board of directors »

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Eaton

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SHLAF

Schindler

$0.00

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AZN

AstraZeneca

$40.32

(0.00%)

, GM

General Motors

$39.86

(0.00%)

09:40
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Options
Unusually active option classes on open July 23rd »

Unusual total active…

AZN

AstraZeneca

$40.32

(0.00%)

GM

General Motors

$39.86

(0.00%)

WHR

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$148.30

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HAS

Hasbro

$108.54

(0.00%)

KO

Coca-Cola

$51.25

(0.00%)

BIIB

Biogen

$232.46

(0.00%)

LMT

Lockheed Martin

$357.57

(0.00%)

ABT

Abbott

$88.08

(0.00%)

BYND

Beyond Meat

$193.91

(0.00%)

NVDA

Nvidia

$171.32

(0.00%)

03/08/13
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09:40
07/23/19
07/23
09:40
07/23/19
09:40
General news
U.S. existing home sales preview: analysts expect a steady rate for June existing home sales »

U.S. existing home sales…

CABO

Cable One

$1,206.29

-11.71 (-0.96%)

09:38
07/23/19
07/23
09:38
07/23/19
09:38
Upgrade
Cable One rating change at Wolfe Research »

Cable One upgraded to…

03/08/13
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MFSF

MutualFirst Financial

$32.20

0.28 (0.88%)

09:37
07/23/19
07/23
09:37
07/23/19
09:37
Earnings
MutualFirst Financial reports Q2 EPS 66c, consensus 62c »

The Company's…

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CVM

CEL-SCI

$6.22

-0.38 (-5.76%)

09:35
07/23/19
07/23
09:35
07/23/19
09:35
Hot Stocks
CEL-SCI announces review published in International Immunopharmacology »

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UTX

United Technologies

$132.94

0.57 (0.43%)

09:33
07/23/19
07/23
09:33
07/23/19
09:33
Hot Stocks
United Technologies says 'very confident' about updated FY19 guidance »

Says: More good things to…

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  • 23

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PKX

Posco

$49.91

-0.26 (-0.52%)

09:33
07/23/19
07/23
09:33
07/23/19
09:33
Upgrade
Posco rating change at Macquarie »

Posco upgraded to…

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  • 23

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TRPX

Therapix Biosciences

$2.32

-0.02 (-0.85%)

09:33
07/23/19
07/23
09:33
07/23/19
09:33
Hot Stocks
Therapix Biosciences signs LOI to merge with Destiny Biosciences »

Therapix Biosciences…

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AMZN

Amazon.com

$1,985.93

21.15 (1.08%)

09:32
07/23/19
07/23
09:32
07/23/19
09:32
Recommendations
Amazon.com analyst commentary at BMO Capital »

Amazon.com Q3 consensus…

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UGP

Ultrapar

$5.23

-0.165 (-3.06%)

09:32
07/23/19
07/23
09:32
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09:32
Upgrade
Ultrapar rating change at Bradesco »

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HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

09:31
07/23/19
07/23
09:31
07/23/19
09:31
Hot Stocks
Breaking Hot Stocks news story on Harley-Davidson »

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  • 23

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SEMG

SemGroup

$11.92

0.13 (1.10%)

09:31
07/23/19
07/23
09:31
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09:31
Upgrade
SemGroup rating change at Citi »

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  • 09

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HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

09:28
07/23/19
07/23
09:28
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09:28
Hot Stocks
Harley-Davidson continues to see FY19 annual cash savings of $25M-$30M »

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MRNS

Marinus Pharmaceuticals

$3.99

0.11 (2.84%)

09:28
07/23/19
07/23
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09:28
Hot Stocks
Breaking Hot Stocks news story on Marinus Pharmaceuticals »

Marinus drops 66% to…

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FITB

Fifth Third

$27.84

-0.11 (-0.39%)

09:25
07/23/19
07/23
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09:25
Hot Stocks
Fifth Third says it continues to see a generally healthy economic backdrop »

Says wants to leverage…

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BIDU

Baidu

$111.74

-0.5 (-0.45%)

09:25
07/23/19
07/23
09:25
07/23/19
09:25
Downgrade
Baidu rating change  »

Baidu downgraded to Mixed…

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  • 03

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PLCE

Children's Place

$91.41

-7.96 (-8.01%)

09:24
07/23/19
07/23
09:24
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09:24
Recommendations
Children's Place analyst commentary at DA Davidson »

Children's Place…

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LTS

Ladenburg Thalmann

$2.97

0.03 (1.02%)

, COWN

Cowen Group

$15.87

-0.23 (-1.43%)

09:23
07/23/19
07/23
09:23
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09:23
Conference/Events
National Cannabis Industry Association to hold a summit »

Cannabis Business Summit…

LTS

Ladenburg Thalmann

$2.97

0.03 (1.02%)

COWN

Cowen Group

$15.87

-0.23 (-1.43%)

03/08/13
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  • 26

    Jul

MORN

Morningstar

$153.65

-0.5 (-0.32%)

, NTRS

Northern Trust

$92.76

-0.09 (-0.10%)

09:21
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07/23
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Conference/Events
CFA Institute to hold a seminar »

CFA Institute Seminar for…

MORN

Morningstar

$153.65

-0.5 (-0.32%)

NTRS

Northern Trust

$92.76

-0.09 (-0.10%)

JPM

JPMorgan

$114.31

0.77 (0.68%)

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