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FDX

FedEx

$185.01

2.81 (1.54%)

08:28
12/19/18
12/19
08:28
12/19/18
08:28

FedEx price target lowered to $242 from $280 at Cowen

Cowen analyst Helane Becker lowered her price target on FedEx to $242 from $280 and she expects the shares to remain under pressure following Q2 results. She noted the company cited global macro concerns, including a weakening in Europe and China, and is taking steps by reducing capacity, cutting costs, and raising rates. Becker maintained her Outperform rating on FedEx shares.

FDX FedEx
$185.01

2.81 (1.54%)

12/19/18
OPCO
12/19/18
NO CHANGE
Target $234
OPCO
Outperform
FedEx price target lowered to $234 from $288 at Oppenheimer
Oppenheimer analyst Scott Schneeberger lowered his price target for FedEx to $234 from $288 following quarterly results. The analyst notes that peak appears "strong," but adds that guidance was reduced largely on slowing global trade outlook. He reiterates an Outperform rating on the shares.
12/19/18
MSCO
12/19/18
NO CHANGE
MSCO
Equal Weight
FedEx guidance cut expected, magnitude worse than expected, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker noted that he had previewed a miss and guidance cut coming from FedEx, but the magnitude of the reduction was much bigger than he expected. He points out that his $16.61 EPS estimate for FY19 was 3.5% below the low end of the previous range, but is now slightly above the high end of the company's new range. Shanker recognizes that global growth has slowed, but he was "very surprised" by the magnitude of this headwind, adding that he believes global growth concerns are likely to get worse before they get better next year. The analyst, whose model and price target are under review, keeps an Equal Weight rating on FedEx shares.
12/19/18
BMOC
12/19/18
NO CHANGE
Target $245
BMOC
Outperform
FedEx price target lowered to $245 from $270 at BMO Capital
BMO Capital analyst Fadi Chamoun lowered his price target on FedEx to $245 after its Q2 earnings and guidance cut yesterday evening, saying that the "impact of slowing global growth on Express results" is "sharper than anticipated". The analyst contends that a "serious" recovery in FedEx stock price is unlikely in the near term following a reset in earnings expectations and the growing macro uncertainty. Chamoun keeps his Outperform rating on the shares longer term however, noting that valuation is "compelling at current levels" and believes that the investments FedEx made in its Ground business are "starting to pay off."
12/19/18
FBCO
12/19/18
NO CHANGE
Target $236
FBCO
Outperform
FedEx price target lowered to $236 from $263 at Credit Suisse
Credit Suisse analyst Allison Landry lowered his price target for FedEx to $236 from $263 due to lower base year EBIT and a higher discount rate. Global growth seems to have peaked and while trade rhetoric is undoubtedly a major factor contributing to weaker economic growth, perhaps the more concerning element at play for FedEx's international biz is the material mix shift at legacy TNT toward lower margin traffic, she contends. For this reason, Landry is admittedly less constructive on the stock. However, the analyst also thinks there is reason to believe that the stock could be close to washed out. To the extent that the bad news is now out of the way, Landry continues to think that the downside risk remains limited and reiterates an Outperform rating on the shares.

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ABCB

Ameris Bancorp

$42.81

-0.4 (-0.93%)

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TREE

LendingTree

$365.30

-5.29 (-1.43%)

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AVVIY

Aviva

$0.00

(0.00%)

04:50
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HINOY

Hino Motors

$0.00

(0.00%)

04:49
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Hino Motors rating change  »

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BRMK

Broadmark Realty Capital

$10.94

-0.02 (-0.18%)

04:47
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CNK

Cinemark

$33.38

-0.495 (-1.46%)

04:46
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MCS

Marcus

$33.45

-0.44 (-1.30%)

04:45
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Marcus rating change  »

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  • 02

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LYV

Live Nation

$66.17

-1.55 (-2.29%)

20:08
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Periodicals
Live Nation 'looking forward' to taking part in Congress review of ticket market 

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DRH

DiamondRock

$9.86

-0.085 (-0.86%)

19:53
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Upgrade
DiamondRock rating change at Wells Fargo »

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OOMA

Ooma

$11.18

-0.01 (-0.09%)

, IIIV

i3 Verticals

$22.29

-0.52 (-2.28%)

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Fly Intel: After Hours Movers »

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Ooma

$11.18

-0.01 (-0.09%)

IIIV

i3 Verticals

$22.29

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JWN

Nordstrom

$34.29

0.35 (1.03%)

SCVL

Shoe Carnival

$37.18

1.36 (3.80%)

SPLK

Splunk

$126.80

-0.04 (-0.03%)

GPS

Gap

$16.22

-0.05 (-0.31%)

ROST

Ross Stores

$111.81

1.39 (1.26%)

PSTG

Pure Storage

$19.84

-0.22 (-1.10%)

WSM

Williams-Sonoma

$68.76

0.195 (0.28%)

PNNT

PennantPark

$5.95

0.01 (0.17%)

ENTA

Enanta

$63.27

1.55 (2.51%)

INTU

Intuit

$270.01

-3.38 (-1.24%)

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  • 02

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  • 03

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  • 09

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    Mar

AES

AES Corp.

$18.50

-0.115 (-0.62%)

19:08
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Earnings
AES backs FY19 adjusted EPS view $1.30-$1.38, consensus $1.33 »

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  • 04

    Dec

WM

Waste Management

$111.23

-1.305 (-1.16%)

, RSG

Republic Services

$86.78

-0.91 (-1.04%)

19:07
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Initiation
Waste Management, Republic Services, Waste Connections, Clean Harbors, Stericycle, Casella Waste, Covanta initiated  »

Jefferies initiates…

WM

Waste Management

$111.23

-1.305 (-1.16%)

RSG

Republic Services

$86.78

-0.91 (-1.04%)

WCN

Waste Connections

$89.54

-0.28 (-0.31%)

CLH

Clean Harbors

$84.70

-0.75 (-0.88%)

SRCL

Stericycle

$62.49

0.76 (1.23%)

CWST

Casella Waste

$43.70

-0.39 (-0.88%)

CVA

Covanta

$14.43

-0.14 (-0.96%)

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AES

AES Corp.

$18.50

-0.115 (-0.62%)

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  • 04

    Dec

ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

, BTC

Bitcoin

$0.00

(0.00%)

19:02
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ICE announces launch of Bakkt Bitcoin Cash Settled Monthly Futures contract »

Intercontinental Exchange…

ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

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MAN

ManpowerGroup

$92.05

-0.355 (-0.38%)

18:51
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Initiation
ManpowerGroup initiated at Jefferies »

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RHI

Robert Half

$58.01

-0.38 (-0.65%)

18:48
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Initiation
Robert Half initiated at Jefferies »

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HTZ

Hertz

$15.37

0.265 (1.76%)

18:46
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Initiation
Hertz initiated at Jefferies »

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CAR

Avis Budget

$28.71

0.16 (0.56%)

18:44
11/21/19
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Initiation
Avis Budget initiated at Jefferies »

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AMD

AMD

$39.52

-1.45 (-3.54%)

18:42
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AMD CEO: The key for us is product generation »

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  • 09

    Dec

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    Dec

CTAS

Cintas

$253.61

-5.78 (-2.23%)

, BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

18:42
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Initiation
Cintas, Bright Horizons, Aramark, H&R Block, BrightView, Rollins, ServiceMaster initiated at Jefferies »

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CTAS

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$253.61

-5.78 (-2.23%)

BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

ARMK

Aramark

$42.42

-1.37 (-3.13%)

HRB

H&R Block

$24.34

-0.15 (-0.61%)

BV

BrightView

$16.79

-2.525 (-13.08%)

ROL

Rollins

$35.77

-0.8 (-2.19%)

SERV

ServiceMaster

$36.16

-0.42 (-1.15%)

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  • 21

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