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AMZN

Amazon.com

$1,627.70

-37.87 (-2.27%)

, UPS

UPS

$106.83

0.84 (0.79%)

06:29
11/06/18
11/06
06:29
11/06/18
06:29

Amazon to hire thousands of seasonal drivers for new delivery program, BI says

Amazon (AMZN) is launching a new last-mile shipping program this holiday season and planning to hire thousands of full-time drivers to deliver packages to customers from Amazon delivery outposts across the U.S., Business Insider reports, citing an Amazon spokeswoman. The company, which will manage the drivers directly setting their wages, providing delivery vehicles and scheduling routes, has previously relied on delivery services provided by UPS (UPS), FedEx (FDX), the U.S. Postal Service, contractors and third-party courier companies. Reference Link

AMZN

Amazon.com

$1,627.70

-37.87 (-2.27%)

UPS

UPS

$106.83

0.84 (0.79%)

FDX

FedEx

$222.64

1.19 (0.54%)

  • 06

    Nov

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    Dec

AMZN Amazon.com
$1,627.70

-37.87 (-2.27%)

11/01/18
DAIW
11/01/18
UPGRADE
DAIW
Buy
Amazon.com upgraded to Buy from Outperform at Daiwa
11/01/18
DAIW
11/01/18
UPGRADE
Target $2000
DAIW
Buy
Daiwa upgrades Amazon to Buy from Outperform after selloff
Daiwa analyst Satoshi Tanaka upgraded Amazon.com to Buy from Outperform with an unchanged price target of $2,000. The stock in midday trading is up 2%, or $35.06, to $1,633.07. Despite "short-term uncertainties" following last week's Q3 sales miss, Amazon's long-term outlook is intact, Tanaka tells investors in a research note. The analyst now sees 30% upside potential following the recent selloff in the shares. He forecasts 31% sales growth year-over-year and 205% operating income growth for Amazon in fiscal 2018.
11/02/18
SPHN
11/02/18
DOWNGRADE
Target $26
SPHN
Underweight
Synchrony downgraded to Underweight from Equal Weight at Stephens
Stephens analyst Vincent Caintic downgraded Synchrony (SYF) to Underweight from Equal Weight, citing the negative implications he sees from the lawsuit against the company from Walmart (WMT). Beyond the potential for over $800M in damages, the suit implies the Sam's Club account is lost, the Amazon (AMZN) account is "in jeopardy," and other retailers can be expected to "take a hard look" at their own relationships with Synchrony, Caintic believes. He lowered his price target on Synchrony shares to $26 from $32.
11/05/18
BARD
11/05/18
NO CHANGE
Target $2100
BARD
Outperform
Amazon Q4 profit likely to be minimally impacted by free shipping, says Baird
Baird analyst Colin Sebastian assumes Amazon's newly-announced free shipping promotions will drive somewhat higher order volume with a slight increase in average order value, estimating that Amazon will generate roughly $500M in incremental revenues and an equivalent amount of incremental shipping costs due to the deals. However, he also assume that the free shipping promotion is worth roughly $100M in holiday ads or other promotional spending. In total, he sees the net impact of this free shipping promotion to be a $300M drag on operating income, or a 5-6% impact overall to Amazon's Q4 operating profit. The analyst, who also thinks the free shipping is presumably already reflected in the company's Q4 guidance, keeps an Outperform rating and $2,100 price target on Amazon shares.
UPS UPS
$106.83

0.84 (0.79%)

11/02/18
SBSH
11/02/18
DOWNGRADE
SBSH
Neutral
UPS downgraded to Neutral from Buy at Citi
Citi analyst Christian Wetherbee downgraded UPS to Neutral.
11/02/18
11/02/18
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. Apple (AAPL) downgraded to Neutral from Buy at BofA/Merrill with analyst Wamsi Mohan citing his concern that there are likely to be further negative estimate revisions. 2. American Tower (AMT) downgraded to Hold on 'full valuation' at Deutsche Bank with analyst Matthew Niknam saying he sees risk to estimates and a "full valuation" at current share levels. 3. Credit Suisse (CS) downgraded to Hold from Buy at Societe Generale. 4. Puma Biotechnology (PBYI) downgraded to Underweight from Equal Weight at Barclays, to Underweight from Overweight at JPMorgan, and to Underperform from Buy at BofA/Merrill. 5. UPS (UPS) downgraded to Neutral from Buy at Citi with analyst Christian Wetherbee lowering his price target for the shares to $115 from $125. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/18
SBSH
11/02/18
DOWNGRADE
Target $115
SBSH
Neutral
Citi downgrades UPS to Neutral on volume slowdown risk
Citi analyst Christian Wetherbee downgraded UPS to Neutral from Buy and lowered his price target for the shares to $115 from $125. The analyst reduced his estimates across his Transportation coverage in order to re-set 2019 expectations for the potential of a broader volume slowdown, which he believes "seems possible post year end." Over the last six weeks freight volumes have decelerated off recent highs and with a new round of potential tariffs going into effect in January, Q1 could see a more material deceleration, Wetherbee tells investors in a research note.
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.
FDX FedEx
$222.64

1.19 (0.54%)

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.
09/21/18
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.
09/21/18
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.
09/18/18
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.

TODAY'S FREE FLY STORIES

CHU

China Unicom

$11.33

0.035 (0.31%)

09:35
11/19/18
11/19
09:35
11/19/18
09:35
Upgrade
China Unicom rating change  »

China Unicom upgraded to…

03/08/13
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03/08/13
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03/06/13
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AVAL

Grupo Aval

$7.47

0.22 (3.03%)

09:35
11/19/18
11/19
09:35
11/19/18
09:35
Upgrade
Grupo Aval rating change  »

Grupo Aval upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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BBU

Brookfield Business Partners

$37.09

(0.00%)

09:35
11/19/18
11/19
09:35
11/19/18
09:35
Conference/Events
Brookfield Business Partners management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

CIB

Bancolombia

$42.72

0.57 (1.35%)

09:34
11/19/18
11/19
09:34
11/19/18
09:34
Downgrade
Bancolombia rating change  »

Bancolombia downgraded to…

03/08/13
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03/06/13
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03/06/13
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EXFO

EXFO Inc.

$3.63

0.04 (1.11%)

09:33
11/19/18
11/19
09:33
11/19/18
09:33
Hot Stocks
EXFO Inc. Chairman Lamonde purchases 111,300 shares of company stock »

EXFO Inc. announced that…

03/08/13
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03/06/13
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03/06/13
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SJI

South Jersey Industries

$31.66

0.61 (1.96%)

09:33
11/19/18
11/19
09:33
11/19/18
09:33
Hot Stocks
South Jersey Industries increases quarterly cash dividend to 28.75c per share »

South Jersey Industries…

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03/06/13
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SPB

Spectrum Brands

$59.36

0.87 (1.49%)

09:32
11/19/18
11/19
09:32
11/19/18
09:32
Downgrade
Spectrum Brands rating change  »

Spectrum Brands…

03/08/13
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03/08/13
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03/06/13
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  • 19

    Nov

CHL

China Mobile

09:31
11/19/18
11/19
09:31
11/19/18
09:31
Downgrade
China Mobile rating change  »

China Mobile downgraded…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CHA

China Telecom

09:31
11/19/18
11/19
09:31
11/19/18
09:31
Downgrade
China Telecom rating change  »

China Telecom downgraded…

03/08/13
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03/08/13
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03/06/13
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ENR

Energizer

$49.91

-1.53 (-2.97%)

, SPB

Spectrum Brands

$59.36

0.87 (1.49%)

09:31
11/19/18
11/19
09:31
11/19/18
09:31
Recommendations
Energizer, Spectrum Brands analyst commentary  »

Energizer price target…

ENR

Energizer

$49.91

-1.53 (-2.97%)

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Nov

CTWS

Connecticut Water

$69.51

-0.24 (-0.34%)

09:30
11/19/18
11/19
09:30
11/19/18
09:30
Hot Stocks
Connecticut Water announces $85.7M capital spending plan for 2019 »

Connecticut Water…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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OVID

Ovid Therapeutics

$4.63

0.14 (3.12%)

09:27
11/19/18
11/19
09:27
11/19/18
09:27
Conference/Events
Ovid Therapeutics management to meet with RBC Capital »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Nov

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    Nov

  • 27

    Nov

TRGP

Targa Resources

$47.44

0.25 (0.53%)

09:26
11/19/18
11/19
09:26
11/19/18
09:26
Upgrade
Targa Resources rating change  »

Targa Resources upgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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CAT

Caterpillar

$129.96

0.52 (0.40%)

09:26
11/19/18
11/19
09:26
11/19/18
09:26
Periodicals
Barloworld in talks to purchase a Caterpillar business, Reuters reports »

Barloworld is in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

PCG

PG&E

$24.39

6.62 (37.25%)

09:25
11/19/18
11/19
09:25
11/19/18
09:25
Recommendations
PG&E analyst commentary  »

PG&E break-up could…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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EPAY

Bottomline Technologies

$56.47

0.35 (0.62%)

, GDOT

Green Dot

$84.81

1.88 (2.27%)

09:25
11/19/18
11/19
09:25
11/19/18
09:25
Conference/Events
Citigroup financial analysts to hold an analyst/industry conference call »

Financial Analysts review…

EPAY

Bottomline Technologies

$56.47

0.35 (0.62%)

GDOT

Green Dot

$84.81

1.88 (2.27%)

MA

MasterCard

$199.11

-1.7 (-0.85%)

PYPL

PayPal

$85.04

-1.71 (-1.97%)

SQ

Square

$70.55

-3.045 (-4.14%)

V

Visa

$140.25

-1.655 (-1.17%)

WP

Worldpay

$82.05

-0.62 (-0.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 19

    Nov

  • 26

    Nov

  • 12

    Dec

  • 12

    Dec

  • 18

    Dec

  • 18

    Dec

  • 29

    Jan

09:25
11/19/18
11/19
09:25
11/19/18
09:25
General news
Breaking General news story  »

New York Federal Reserve…

BYSI

BeyondSpring

$21.42

(0.00%)

09:24
11/19/18
11/19
09:24
11/19/18
09:24
Conference/Events
BeyondSpring management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

EMN

Eastman Chemical

$83.11

0.34 (0.41%)

09:22
11/19/18
11/19
09:22
11/19/18
09:22
Recommendations
Eastman Chemical analyst commentary  »

Eastman Chemical price…

03/08/13
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YETI

Yeti

$16.99

0.1 (0.59%)

09:21
11/19/18
11/19
09:21
11/19/18
09:21
Initiation
Yeti initiated  »

William Blair starts Yeti…

03/08/13
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  • 29

    Nov

09:20
11/19/18
11/19
09:20
11/19/18
09:20
General news
U.S. NAHB housing market index preview: »

U.S. NAHB housing market…

ADS

Alliance Data

$198.00

0.38 (0.19%)

09:18
11/19/18
11/19
09:18
11/19/18
09:18
Recommendations
Alliance Data analyst commentary  »

Alliance Data price…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CORT

Corcept Therapeutics

$13.02

0.005 (0.04%)

09:18
11/19/18
11/19
09:18
11/19/18
09:18
Hot Stocks
Corcept Therapeutics doses first patient in Phase 3 trial of relacorilant »

Corcept Therapeutics…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
11/19/18
11/19
09:18
11/19/18
09:18
Options
Overnight activity included 313 trades in SPX and 10 trades in VIX »

313 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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TLTZY

Tele2

$0.00

(0.00%)

09:17
11/19/18
11/19
09:17
11/19/18
09:17
Upgrade
Tele2 rating change  »

Tele2 upgraded to Buy…

03/08/13
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03/06/13
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03/06/13
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