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UPS

UPS

$108.14

0.24 (0.22%)

14:06
10/25/18
10/25
14:06
10/25/18
14:06

UPS to launch 'first-of-its-kind' U.S. urban delivery solution In Seattle

In an effort to address growing traffic congestion and air quality concerns, UPS and Seattle Mayor Jenny Durkan today announced the deployment of an innovative downtown delivery pilot project using pedal-assist cargo eBikes and customized, modular trailers. The cargo eBikes will operate in the historic Pike Place Market and downtown Seattle area on sidewalks and in designated bike lanes. "While we have launched cycle logistic projects in other cities, this is the first one designed to meet a variety of urban challenges," said Scott Phillippi, UPS's senior director of maintenance and engineering, international operations. "The modular boxes and trailer allow us to expand our delivery capabilities and meet the unique needs of our Seattle customers. It's exciting to return to our roots - UPS started in Seattle in 1907 as a bicycle messenger company. We're looking forward to being able to offer these customizable urban delivery solutions to other cities nationwide."

  • 13

    Dec

UPS UPS
$108.14

0.24 (0.22%)

10/01/18
10/01/18
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 Outperform from Market Perform at BMO Capital with analyst Fadi Chamoun saying his meetings with institutional investors give him a more constructive outlook as the company proceeds with efforts to "add capacity across its network, implement automation," and (perform) other cost efficiency initiatives with medium-term benefits. 2. LogMeln (LOGM) upgraded to Outperform from Perform at Oppenheimer analyst Shaul Eyal saying in light of a soft 1H18 performance, the analyst views the company's recent retention concerns as gradually stabilizing per his industry checks. 3. Noble Corp. (NE) upgraded to Neutral from Underweight at Piper Jaffray with analyst Ian Macpherson saying he views the stock's risk/reward as balanced at current share levels. 4. Biogen (BIIB) assumed with an Overweight from Neutral at Cantor Fitzgerald. 5. Teva (TEVA) upgraded to Conviction Buy from Buy at Goldman Sachs and to Market Perform from Underperform at Leerink. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/25/18
BOFA
10/25/18
DOWNGRADE
BOFA
Neutral
UPS downgraded to Neutral from Buy at BofA/Merrill
10/25/18
10/25/18
DOWNGRADE
Target $116

Neutral
UPS downgraded to Neutral on margin pressures at BofA/Merrill
As previously reported, BofA/Merrill downgraded UPS to Neutral from Buy and lowered its price target to $116 from $145. Analyst Ken Hoexter said Q3 margins deteriorated more than expected with international falling 140bps year-over-year to 16.6%, the lowest level since 2015, and domestic falling 100bps year-over-year to 9.5%, the worst level since 2009. Hoexter expects margins to remain under pressure and notes the company tend to be a economic indicator of the economy.
10/25/18
10/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UPS (UPS) downgraded to Neutral from Buy at BofA/Merrill with analyst Ken Hoexter saying Q3 margins deteriorated more than expected with international falling 140bps year-over-year to 16.6%, the lowest level since 2015, and domestic falling 100bps year-over-year to 9.5%, the worst level since 2009. 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Seaport Global with analyst Walk Liptak saying Illinois Tool Works is being negatively impacted by pockets of slowing international end markets and slower international auto production. 3. STMicroelectronics (STM) downgraded to Underperform from Outperform at Baird with analyst Tristan Gerra saying the company's lead times remain significantly elevated versus analog/MCU peers, indicating further downside, and expects a "significant" worsening in Q1 2019 quarter-over-quarter revenue comps. 4. Ambev (ABEV) downgraded to Underperform from Neutral at BofA/Merrill and to Underweight from Neutral at JPMorgan. 5. LabCorp (LH) downgraded to Hold from Buy at Canaccord with analyst Mark Massaro citing accelerating reimbursement pressure from PAMA, expected share and profit losses, some contractual changes in managed care, and a disappointing outcome in the ACLA vs. HHS lawsuit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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HFC

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PS

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, MSFT

Microsoft

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MSFT

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GTE

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PGR

Progressive

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CRM

Salesforce

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MRCY

Mercury Systems

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0.08 (0.11%)

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RNG

RingCentral

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LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

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AVP

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GILD

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IOVA

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AMGN

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NTAP

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HTHT

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ONVO

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HMC

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-0.17 (-0.66%)

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  • 05

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DSNKY

Daiichi Sankyo

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SPOT

Spotify

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IDXX

Idexx Laboratories

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  • 05

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OMC

Omnicom

$79.79

-0.3 (-0.37%)

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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CTRP

Ctrip

$37.63

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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CE

Celanese

$100.10

-0.18 (-0.18%)

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

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  • 22

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SIM

Grupo Simec

$9.23

(0.00%)

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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
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  • 23

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NVS

Novartis

$83.94

1.555 (1.89%)

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PCG

PG&E

$19.00

0.55 (2.98%)

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  • 21

    Jun

OBLN

Obalon Therapeutics

$1.24

0.842 (211.56%)

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