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STMP

Stamps.com

$203.59

-19.79 (-8.86%)

09:26
10/18/18
10/18
09:26
10/18/18
09:26

Stamps.com selloff yesterday on Postal news unwarranted, says B. Riley FBR

Shares of Stamps.com dropped yesterday after the New York Times reported that President Trump plans to withdraw the U.S. from the Universal Postal Union, B. Riley FBR analyst Zach Cummins tells investors in a research note. The news created an "unwarranted" selloff in the shares given the company's limited exposure to China, the analyst contends. Further, Cummins believes potential outcomes from the U.S.'s possible withdrawal could serve as net benefit for Stamps.com over the longer term. The analyst keeps a Buy rating on the stock with a $300 price target.

STMP Stamps.com
$203.59

-19.79 (-8.86%)

10/18/18
CHLM
10/18/18
NO CHANGE
Target $300
CHLM
Buy
Reaction to Trump decision to leave Universal Postage Union 'naive,' says Craig-Hallum
Craig-Hallum analyst George Sutton notes that Stamps.com was under significant pressure from the announced move by Trump to leave the Universal Postage Union, which will increase prices on certain package shipments from China to the U.S. If there is any impact from the move, an effective tariff on the landed price of Chinese made products, it will result in a modest benefit to the U.S. based e-commerce retailers, which do ship volume through the Stamps.com network, he contends. Moreover, Sutton argues that the stock traded down on an item that if enacted would likely have a modest positive impact on the revenue opportunity. He believes that this is "naive" and has set the stock up very well for outsized gains ahead. The analyst reiterates a Buy rating and $300 price target on the stock.
07/26/18
ROTH
07/26/18
NO CHANGE
Target $305
ROTH
Buy
Stamps.com price target raised to $305 from $255 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Stamps.com to $305 from $255 as he expects slightly above consensus results when the company reports Q2 results. His SHOP customer checks suggest 200bps improvement in Shipping penetration along with healthy merchant underlying business growth. This serves as one positive data point that gives the analyst comfort in his above consensus estimate. Aftahi reiterates a Buy rating on the shares.
06/21/18
RILY
06/21/18
NO CHANGE
RILY
Any selloff in Stamps.com represents attractive buying opportunity, says B. Riley FBR
With Stamps.com trading down 12% intraday, B. Riley FBR analyst Kevin Liu reiterated his Buy rating and $300 price target, saying that any sell-off in Stamps.com represents an "attractive buying opportunity" given "the company's entrenched relationship with the USPS and strategic positioning in e-commerce." He added that Trump's proposal to privatize the Post Office, while it would present risks to the company, is still simply speculation at this point.
06/01/18
06/01/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Hold at Needham. 2. Xenia Hotels (XHR) initiated with an Outperform at Baird. 3. Stamps.com (STMP) and Pitney Bowes (PBI) were initiated with a Buy at Maxim. 4. Getty Realty (GTY) initiated with a Buy at Ladenburg. 5. Dana (DAN) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

COG

Cabot Oil & Gas

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PagSeguro Digital

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Options
Unusual call flow in option market yesterday »

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PAGS

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CRC

California Resources

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ON Semiconductor

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JCP

J.C. Penney

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CAT

Caterpillar

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PAR

PAR Technology

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-0.51 (-3.07%)

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PAR Technology subsidiary awarded $7.3M U.S. Navy contract at Aguada, PR »

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OVID

Ovid Therapeutics

$4.75

-0.42 (-8.12%)

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  • 27

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SPH

Suburban Propane

$22.68

0.12 (0.53%)

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Earnings
Suburban Propane reports Q4 EPS (83c) vs. (83c) last year »

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  • 15

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OTIC

Otonomy

$2.34

-0.07 (-2.90%)

07:33
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Initiation
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  • 27

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General news
U.S. stocks pointed to higher open despite UK's Brexit chaos »

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DNLI

Denali Therapeutics

$17.53

0.24 (1.39%)

07:32
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Initiation
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JCP

J.C. Penney

$1.23

-0.05 (-3.91%)

07:32
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07:32
Earnings
J.C. Penney reports Q3 adj. EPS (52c), consensus (56c) »

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  • 15

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APTX

Aptinyx

$24.75

-0.76 (-2.98%)

07:32
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Initiation
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AN

AutoNation

$38.56

-0.73 (-1.86%)

07:31
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Hot Stocks
AutoNation announces partnership with Fair »

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AXSM

Axsome Therapeutics

$2.82

-0.07 (-2.42%)

07:31
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Initiation
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ADS

Alliance Data

$199.76

-5.49 (-2.67%)

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Hot Stocks
Alliance Data reports October net charge offs 5.7% vs. 5.9% last month »

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  • 15

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KBH

KB Home

$20.80

-0.135 (-0.64%)

07:30
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Hot Stocks
KB Home lowers FY18 housing revenue view to $4.5B from $4.6B »

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MYL

Mylan

$34.23

-1.53 (-4.28%)

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Upgrade
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JEC

Jacobs Engineering

$73.26

-1.38 (-1.85%)

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  • 19

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URI

United Rentals

$119.67

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JEC

Jacobs Engineering

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  • 19

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AAPL

Apple

$186.81

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NMIH

NMI Holdings

$20.16

-0.54 (-2.61%)

07:25
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Conference/Events
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  • 15

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WMS

Advanced Drainage

$26.77

0.28 (1.06%)

07:25
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Conference/Events
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  • 15

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BPMC

Blueprint Medicines

$56.38

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07:25
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Conference/Events
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  • 15

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UFI

Unifi

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  • 15

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WFC

Wells Fargo

$52.15

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, USB

U.S. Bancorp

$54.01

0.32 (0.60%)

07:23
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Periodicals
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WFC

Wells Fargo

$52.15

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USB

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$54.01

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BAC

Bank of America

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JPM

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GS

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$202.43

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MS

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C

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