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FDX

FedEx

$201.25

-13.09 (-6.11%)

07:08
12/10/18
12/10
07:08
12/10/18
07:08

FedEx downgraded to Neutral following Express CEO change at BofA/Merrill

BofA/Merrill analyst Ken Hoexter downgraded FedEx to Neutral from Buy and slashed its price target to $200 from $304 following the board's surprise move to change its Express CEO. Hoexter said this rapid change is out of character for the company and may signal a potential miss on Express operational target. The analyst lowered his forecasts and said FedEx is still struggling with its ongoing restructuring at Express, as increased costs from e-commerce impact Express and Ground segments, and believes shares could remain under pressure if the company further amends its profit target.

  • 18

    Dec

FDX FedEx
$201.25

-13.09 (-6.11%)

12/04/18
MSCO
12/04/18
NO CHANGE
MSCO
Market missing risk Amazon poses to UPS, FedEx air volumes, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker said investors so far have been focusing on Amazon's (AMZN) last-mile efforts and build-out of its internal logistics network, but he thinks the market has been missing the potential risk posed to UPS (UPS) and FedEx (FDX) air volumes from the e-commerce giant's in-house Express Air network. While "Amazon Air's" rollout is in the early stages, Shanker already estimates a 200-300 bps impact on the Domestic Air volume growth of UPS and FedEx and expects more erosion. Amazon Air could put 2% of potential revenue for UPS and FedEx at risk in 2018, and Shanker sees that growing to over 10% by 2025, he tells investors. Following the Amazon Air analysis, the analyst lowered his price target for UPS to $87 from $92 and for FedEX shares to $230 from $240. Shanker keeps an Equal Weight rating on FedEx and an Underweight rating on UPS.
12/06/18
SBSH
12/06/18
NO CHANGE
SBSH
Postal system Task Force report positive for FedEx and UPS, says Citi
Citi analyst Christian Wetherbee views the White House Task Force's report on the U.S. postal system as a "material positive" for parcel pricing. The analyst says the Task Force affirmed his view that the U.S. Postal Service's new business model needs to be structured around parcel and that pricing should be aimed at maximizing profit versus volume. Collectively, the report appears to support the thesis that the USPS should be restructured to sustain profits and reinvestment using the secular growth of parcel as a lever, Wetherbee tells investors in a research note. He believes the initiatives laid out in the report, many of which Treasury believes can be enacted directly by the Trump Administration, are likely to lead to higher parcel rates, which is a "long-term positive" to FedEx (FDX) and UPS (UPS).
12/06/18
RILY
12/06/18
NO CHANGE
Target $300
RILY
Buy
USPS task force report may relieve concerns about Stamps.com, says B. Riley FBR
B. Riley FBR analyst Zach Cummins noted that the task force assigned by President Trump to review the operations of the United States Postal Service finally released its report, which includes a number of proposed administrative and legislative reforms. He believes the report could provide relief for recent investor concerns around Stamps.com's (STMP) viability as a USPS partner and may ultimately provide a longer-term net benefit to the business, Cummins tells investors. While potential price increases could hurt customers such as Amazon (AMZN), FedEx (FDX), and UPS (UPS), Cummins thinks it would represent little-to-no impact to Stamps given that the company does not participate in "last-mile" delivery, he added. Following the release of the report, he reiterated his Buy rating and $300 price target on Stamps.com shares.
12/10/18
BOFA
12/10/18
DOWNGRADE
BOFA
Neutral
FedEx downgraded to Neutral from Buy at BofA/Merrill

TODAY'S FREE FLY STORIES

AXNX

Axonics

$25.49

0.53 (2.12%)

06:09
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Axonics announces FDA approval of Axonics r-SNM System »

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EPAM

Epam Systems

$200.74

0.85 (0.43%)

06:09
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06:09
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06:09
Initiation
Epam Systems initiated  »

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FENG

Phoenix New Media

$3.04

0.04 (1.33%)

06:07
11/14/19
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06:07
Hot Stocks
Phoenix New Media declares 17.14c per share special cash dividend »

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ATHX

Athersys

$1.37

0.04 (3.01%)

06:07
11/14/19
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Athersys: Healios receives orphan designation for ARDS clinical program »

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CSCO

Cisco

$48.44

0.06 (0.12%)

06:06
11/14/19
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06:06
Recommendations
Cisco analyst commentary  »

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  • 09

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GRUB

GrubHub

$36.63

-0.7 (-1.88%)

06:05
11/14/19
11/14
06:05
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06:05
Periodicals
GrubHub to create 'task force' after NYC Council threatens action, NYP says »

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WTT

Wireless Telecom Group Inc

$1.50

0.04 (2.74%)

06:05
11/14/19
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06:05
Hot Stocks
Wireless Telecom Group Inc to Acquire Holzworth Instrumentation »

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  • 14

    Nov

FVRR

Fiverr

$22.55

0.99 (4.59%)

06:04
11/14/19
11/14
06:04
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06:04
Upgrade
Fiverr rating change  »

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  • 09

    Dec

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    Dec

ROLL

RBC Bearings

$165.06

-1.19 (-0.72%)

06:04
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06:04
Downgrade
RBC Bearings rating change  »

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SWK

Stanley Black & Decker

$155.38

-2.295 (-1.46%)

06:04
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11/14
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06:04
Upgrade
Stanley Black & Decker rating change  »

Stanley Black &…

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  • 18

    Nov

NRZ

New Residential

$16.06

-0.07 (-0.43%)

06:03
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11/14
06:03
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06:03
Downgrade
New Residential rating change  »

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NBEV

New Age Beverages

$2.50

0.04 (1.63%)

06:02
11/14/19
11/14
06:02
11/14/19
06:02
Earnings
New Age Beverages reports Q3 EPS (14c), consensus (4c) »

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  • 14

    Nov

SFTBF

SoftBank

$0.00

(0.00%)

, SFTBY

SoftBank

$0.00

(0.00%)

06:02
11/14/19
11/14
06:02
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06:02
Periodicals
SoftBank's Yahoo Japan in talks to merge with Naver's Line, Nikkei reports »

SoftBank's Yahoo…

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

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CSCO

Cisco

$48.44

0.06 (0.12%)

06:01
11/14/19
11/14
06:01
11/14/19
06:01
Recommendations
Cisco analyst commentary  »

Citi keeps Buy on Cisco…

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  • 09

    Dec

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    Dec

XRX

Xerox

$37.60

0.14 (0.37%)

, HPQ

HP Inc.

$19.54

-0.005 (-0.03%)

06:00
11/14/19
11/14
06:00
11/14/19
06:00
Periodicals
Carl Icahn pushes for Xerox, HP Inc union, WSJ reports »

Carl Icahn, who owns a…

XRX

Xerox

$37.60

0.14 (0.37%)

HPQ

HP Inc.

$19.54

-0.005 (-0.03%)

03/08/13
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  • 26

    Nov

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MYO

Myomo

$0.54

-0.1126 (-17.26%)

05:58
11/14/19
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05:58
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05:58
Downgrade
Myomo rating change  »

Roth Capital downgrades…

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FLGT

Fulgent Genetics

$13.62

0.11 (0.81%)

05:57
11/14/19
11/14
05:57
11/14/19
05:57
Syndicate
Fulgent Genetics 2.325M share Spot Secondary priced at $11.25 »

The deal size was…

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  • 14

    Nov

ECOR

electroCore

$1.88

0.06 (3.30%)

05:56
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05:56
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05:56
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electroCore rating change  »

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ECOR

electroCore

05:56
11/14/19
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05:56
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05:56
Downgrade
electroCore rating change  »

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05:55
11/14/19
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Conference/Events
SunTrust hosted company meetings at conference »

SunTrust hosted Meetings…

NICE

Nice

$159.16

0.87 (0.55%)

05:54
11/14/19
11/14
05:54
11/14/19
05:54
Earnings
Nice raises FY19 EPS view to $5.15-$5.35 from $5.13-$5.33, consensus $5.26 »

Sees FY19 revenue…

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EMR

Emerson

$73.10

-0.47 (-0.64%)

05:52
11/14/19
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05:52
11/14/19
05:52
Downgrade
Emerson rating change  »

HSBC downgrades Emerson…

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  • 19

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NICE

Nice

$159.16

0.87 (0.55%)

05:51
11/14/19
11/14
05:51
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05:51
Earnings
Nice reports Q3 EPS $1.30, consensus $1.28 »

Reports Q3 revenue $386M,…

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MIME

Mimecast

$43.42

0.28 (0.65%)

05:50
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05:50
Hot Stocks
Mimecast acquires DMARC Analyzer »

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  • 19

    Nov

PRGS

Progress Software

$41.49

-0.36 (-0.86%)

05:48
11/14/19
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05:48
11/14/19
05:48
Hot Stocks
Progress Software appoints Katie Kulikoski as Chief People Officer »

Progress announced the…

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