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FDX

FedEx

$171.00

0.87 (0.51%)

, XPO

XPO Logistics

$62.98

0.17 (0.27%)

07:16
01/14/19
01/14
07:16
01/14/19
07:16

FedEx testing residential delivery of bulky products, Bloomberg reports

FedEx (FDX) is testing a new service that would deliver bulky products throughout the residential U.S., Bloomberg reports. The service, which would increase competition for XPO Logistics (XPO), J.B. Hunt Transport (JBHT) and Ryder (R), would be offered through FedEx's freight business, according to the report. The company says in an email that "Under a pilot project, FedEx is carrying items such as washing machines and sectional sofas into a customer's home and assembling them." A spokeswoman added that "FedEx Freight is in the beginning stages of piloting a new service, FedEx Freight Direct, that will move larger, bulkier items to customers' homes and businesses, and even offer light assembly for an additional fee... Demand for these types of delivery services has grown in recent years and we expect that trend to continue." Reference Link

FDX

FedEx

$171.00

0.87 (0.51%)

XPO

XPO Logistics

$62.98

0.17 (0.27%)

JBHT

J.B. Hunt

$97.45

0.35 (0.36%)

R

Ryder

$55.64

0.54 (0.98%)

  • 17

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    Feb

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    Feb

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    Mar

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    Apr

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    Apr

FDX FedEx
$171.00

0.87 (0.51%)

01/10/19
OPCO
01/10/19
NO CHANGE
Target $200
OPCO
Outperform
FedEx price target lowered to $200 from $234 at Oppenheimer
Oppenheimer analyst Scott Schneeberger lowered his price target for FedEx to $200 from $234, while reiterating an Outperform rating on the shares. The analyst notes that FedEx has recently reduced its FY19 Express segment outlook, primarily on international macro conditions/TNT integration challenges post that sizable acquisition's June 2017 cyberattack. Domestically, FedEx has not yet encountered indications of economic softness and expressed expectations of continued margin improvement in its Ground and Freight segments, he adds. While FedEx "needs to demonstrate operational/financial improvement in its Express segment," Schneeberger views the stock's substantial selloff as overdone.
01/11/19
FBCO
01/11/19
NO CHANGE
Target $236
FBCO
Outperform
FedEx bad news 'out of the way,' but remains' show me story,' says Credit Suisse
After FedEx met with a group of analysts this week to explain the retraction of its $1.2B-$1.5B Express operating improvement target and the reduction in FY19 a few weeks ago, Credit Suisse analyst Allison Landry said that the bad news is now out of the way for FedEx and appears to be priced in, but tells investors in a research note that the company remains a "show me story" and has its work cut out for itself to regain investor confidence. The analyst, who maintains an Outperform rating, says regaining confidence will likely require consistent execution for "at least the next couple of quarters," no further CapEx surprises and evidence that it "has a handle on costs" at Express.
01/11/19
SPHN
01/11/19
NO CHANGE
Target $240
SPHN
Overweight
FedEx investors 'understandably frustrated,' but story not broken, says Stephens
Stephens analyst Jack Atkins said FedEx investors have been "understandably frustrated" as macroeconomic conditions and TNT integration issues have "combined to wipe nearly four years of share price appreciation out over the last four months," but he does not believe that the underlying story is broken and sees low double-digit earnings growth in FY20 as achievable as long as economic growth remains positive. He also thinks FedEx may adjust its capital spending plans to place a greater emphasis on share repurchases given where the stock currently trades. Atkins keeps an Overweight rating and $240 price target on FedEx shares.
12/27/18
12/27/18
NO CHANGE

Stephens to keep GrubHub, RealPage, Vulcan Materials on 2019 Best Ideas list
Stephens said that it plans to publish a complete updated 2019 Best Ideas list on January 2, but in anticipation it shared the names that are being dropped and the three stocks that will remain on the list. The holdovers are GrubHub (GRUB), RealPage (RP) and Vulcan Materials (VMC). The stocks being removed include Boston Scientific (BSX), Brookdale Senior Living (BKD), Conn's (CONN), CoStar Group (CSGP), Curo Group (CURO), FedEx (FDX), First Financial Bancorp (FFBC), Graphic Packaging (GPK), Hub Group (HUBG), Keane Group (FRAC), KeyCorp (KEY), LKQ Corp. (LKQ), Myriad Genetics (MYGN), SVB Financial (SIVB), Triumph Bancorp (TBK), TrueCar (TRUE) and Union Bankshares (UBSH).
XPO XPO Logistics
$62.98

0.17 (0.27%)

01/14/19
KEYB
01/14/19
DOWNGRADE
KEYB
Sector Weight
XPO Logistics downgraded to Sector Weight from Overweight at KeyBanc
01/02/19
DBAB
01/02/19
NO CHANGE
DBAB
Buy
Deutsche Bank analysis shows XPO short seller's calls hardly pan out
Shares of XPO Logistics recovered over 90% of the losses suffered following publication Spruce Point Management's short report on December 13, Deutsche Bank analyst Amit Mehrotra tells investors in a research note. The snap back is indicative of the short report being "riddled with inaccuracies and misleading statements," with no implications to the fundamental outlook for XPO shares, Mehrotra writes. The analyst's analysis of Spruce Point's over 30 short reports over the last four years shows that most of the firm's calls have not come to fruition. Further, almost two-thirds of companies targeted by the short seller have positive returns on a six-month basis, with an average return of up 19%, says Mehrotra. The analyst adds that while XPO's fundamentals are not immune to broader macro forces, he feels "strongly that the business model allows for more resilient cash flows than market participants appreciate." Mehrotra keeps a Buy rating on XPO Logistics and continues to call the company his top overall pick.
12/17/18
DBAB
12/17/18
NO CHANGE
DBAB
Buy
Deutsche says change reinforces view short seller not reflecting XPO prospects
Deutsche Bank analyst Amit Mehrotra noted that the short presentation on XPO Logistics that was published last week has been updated. The update appears to address several of the "basic calculation errors" the firm previously highlighted but, "more critically," it removes altogether certain aspects of its cash flow analysis, according to the analyst. The removal of an important point related to cash flow supports his initial conclusion that the report is not reflective of XPO's prospects, Mehrotra tells investors. He keeps a Buy rating on XPO Logistics shares.
12/17/18
OPCO
12/17/18
NO CHANGE
Target $96
OPCO
Outperform
XPO Logistics price target cut to $96 from $114 at Oppenheimer
Oppenheimer analyst Scott Schneeburger reiterated an Outperform rating on XPO Logistics but cut his price target to $96 from $114, citing industry multiple contraction. In a research note to investors, Schneeburger says despite a tough run of negative sentiment, XPO's fundamental story remains little changed and he views XPO's recently introduced 12%-15% 2019 adjusted EBITDA growth guidance as achievable.
JBHT J.B. Hunt
$97.45

0.35 (0.36%)

10/05/18
CLVD
10/05/18
INITIATION
CLVD
Neutral
J.B. Hunt initiated with a Neutral at Cleveland Research
Cleveland Research analyst Chris Johnson assumed coverage on J.B. Hunt with a Neutral saying intermodal volume growth is likely limited due to rail service issues.
09/28/18
EDJN
09/28/18
DOWNGRADE
EDJN
Hold
J.B. Hunt downgraded to Hold from Buy at Edward Jones
10/10/18
LOOP
10/10/18
NO CHANGE
Target $143
LOOP
Buy
J.B. Hunt price target lowered to $143 from $151 at Loop Capital
Loop Capital analyst Rick Paterson lowered his price target for J.B. Hunt Transport Services to $143 but keeps a Buy rating on the shares. The analyst is taking a s"lightly more conservative stance on the economy, given likely deceleration in the face of the escalating trade war with China." He believes, however, that the company's contract arbitration with BASF is taking a step forward with this morning's news.
12/04/18
UBSW
12/04/18
NO CHANGE
Target $124
UBSW
Buy
J.B. Hunt price target lowered to $124 from $145 at UBS
UBS analyst Thomas Wadewitz lowered his price target on J.B. Hunt to $124 from $145 based on falling truckload spot rates in Q3 and what he views as muted/later peak season tightening in the truckload market, which points to incremental addition of capacity. He also sees risk to freight demand from tariffs, cyclical slowing of housing, and risk to energy activity from lower oil prices. Wadewitz maintained his Buy rating on J.B. Hunt shares.
R Ryder
$55.64

0.54 (0.98%)

11/29/18
11/29/18
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. McDonald's (MCD) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he expects the benefits from the company's U.S. store remodeling to become apparent in 2019. 2. TJX (TJX) upgraded to Buy from Hold at Argus with analyst Chris Graja saying the rating change is driven by the pullback in the stock price given the company's growing store traffic, single-A credit ratings, and a 22% annualized dividend growth. 3. Ryder (R) upgraded to Buy from Hold at Stifel with analyst David Ross saying approaching 2019, the stock's upside/downside case is now in investors' favor. 4. Dominion (D) upgraded to Buy from Neutral at UBS with analyst Daniel Ford saying management has taken "appropriate and necessary" actions to overcome the negative impact of the surprise master limited partnership income tax ruling that the Federal Energy Regulatory Commission issued earlier this year. 5. PPG (PPG) upgraded to Buy from Neutral at Citi analyst P.J. Juvekar saying "rapidly falling" oil prices are poised to reduce some of the raw material inflation pressuring the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/12/18
RHCO
12/12/18
INITIATION
RHCO
Buy
Ryder initiated with a Buy at SunTrust
SunTrust analyst Stephanie Benjamin initiated Ryder with a Buy rating and $63 price target.
12/13/18
RHCO
12/13/18
INITIATION
Target $63
RHCO
Buy
Ryder initiated with a Buy at SunTrust
As reported yesterday, SunTrust analyst Stephanie Benjamin initiated Ryder with a Buy rating and a $63 price target. The analyst believes that the growth prospects of the company's "transportation outsourcing business and the size of the addressable market are underappreciated by the Street." Benjamin expects Ryder to exceed its current expectations with continued generation of "double-digit revenue and at least high-single-digit earnings growth trajectory over the next few years."
11/29/18
STFL
11/29/18
UPGRADE
Target $69
STFL
Buy
Ryder upgraded to Buy from Hold at Stifel
Stifel analyst David Ross upgraded Ryder System to Buy while lowering his price target for the shares to $69 from $81. Approaching 2019, the stock's upside/ downside case is now in investors' favor, Ross tells investors in a research note. He says that while estimates have been cut, Ryder's valuation is more reasonable at current levels. With the trucking market expected to remain tight in 2019, commercial rental demand should firm, says the analyst. Ross cites valuation for the upgrade of Ryder to Buy.

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