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FDX

FedEx

$216.58

5.67 (2.69%)

18:45
10/30/18
10/30
18:45
10/30/18
18:45

FedEx terminates partnership with NRA, NY Times says

FedEx is terminating its partnership with the National Rifle Association, the New York Times reports. A spokesman for the company said the move was not prompted by the mass shooting at a Pittsburgh synagogue last weekend, but rather it decided to end the relationship after a review that began months ago, the report says. The review showed that members of the NRA did not bring in enough shipping volume to warrant its participation int he program, the report says. Over 100 companies were dropped from the discount program as part of the review, the report says. Reference Link

  • 14

    Nov

FDX FedEx
$216.58

5.67 (2.69%)

09/21/18
09/21/18
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. Restaurant Brands (QSR) initiated with an Outperform at Baird. 2. FedEx (FDX) was initiated with a Buy at Berenberg while UPS (UPS) was initiated with a Hold. 3. Harmonic (HLIT) initiated with a Buy at Loop Capital. 4. TriplePoint Venture (TPVG) initiated with an Outperform at Wells Fargo. 5. Century Aluminum (CENX) initiated with a Sell at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/18
BREN
09/21/18
INITIATION
Target $300
BREN
Buy
FedEx initiated with a Buy at Berenberg
Berenberg analyst Joel Spungin initiated FedEx with a Buy and $300 price target. Spungin expects shares to re-rate driven by good revenue momentum, improving EBIT margins and better cash generation.
09/18/18
LOOP
09/18/18
NO CHANGE
Target $318
LOOP
Buy
FedEx price target raised to $318 from $310 at Loop Capital
Loop Capital analyst Rick Paterson raised his price target on FedEx to $318 after its Q1 results, saying the earnings miss was mainly due to wage increases that followed last year's tax cut legislation. The analyst adds that while FedEx raised its FY19 earnings guidance, its operating margins in Q1 were also lower as a result of higher hourly pay rates. Paterson remains positive on the stock and keeps his Buy rating, noting that the management's reaffirmation of expected operating profit improvement of $1.2B-$1.5B for its Express division in FY20 was particularly important for investor sentiment.
09/18/18
MSCO
09/18/18
NO CHANGE
Target $242
MSCO
Equal Weight
FedEx's 'big miss' in Q1 raises stakes for rest of year, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker said FedEx's "big miss" in Q1 EPS was not purely cost-driven, as weaker pricing drove a revenue miss compared to his expectations. Despite the Q1 miss, FedEx raised its full-year EPS guidance due to "rounding," but Shanker sees pressure on the coming quarters' results and said the Q1 report raises the stakes for the remainder of the year. He lowered his price target on FedEx shares to $242 from $245 following the report and keeps an Equal Weight rating on the stock.

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HBM

Hudbay Minerals

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HBM

Hudbay Minerals

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CLXT

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SPX

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TEVA

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OMI

Owens & Minor

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OMI

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$7.94

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USAC

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DK

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DK

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VICL

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