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AAL

American Airlines

$35.74

-0.85 (-2.32%)

, ALGT

Allegiant Travel

$135.73

-1.52 (-1.11%)

04:55
02/13/19
02/13
04:55
02/13/19
04:55

Stifel to hold a conference

10th Annual Stifel Transportation & Logistics Conference will be held in Miami Beach, FL on February 11-13.

AAL

American Airlines

$35.74

-0.85 (-2.32%)

ALGT

Allegiant Travel

$135.73

-1.52 (-1.11%)

CKH

Seacor

$44.20

1.19 (2.77%)

FDX

FedEx

$185.43

4.23 (2.33%)

JBLU

JetBlue

$17.89

-0.37 (-2.03%)

NAV

Navistar

$34.33

1.21 (3.65%)

SNDR

Schneider National

$22.46

0.23 (1.03%)

UAL

United Continental

$87.97

-1.17 (-1.31%)

UPS

UPS

$110.74

1.81 (1.66%)

CNI

Canadian National

$81.58

0.17 (0.21%)

UNP

Union Pacific

$167.21

2.71 (1.65%)

MATX

Matson

$33.46

0.96 (2.95%)

MTOR

Meritor

$20.74

0.43 (2.12%)

CHRW

C.H. Robinson

$91.01

0.89 (0.99%)

HUBG

Hub Group

$44.96

1.09 (2.48%)

ARCB

ArcBest

$38.44

1.07 (2.86%)

RRTS

Roadrunner

$0.50

0.0039 (0.79%)

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AAL American Airlines
$35.74

-0.85 (-2.32%)

02/04/19
VERT
02/04/19
INITIATION
Target $35
VERT
Hold
American Airlines initiated with a Hold at Vertical Research
Vertical Research analyst Darryl Genovesi started American Airlines earlier with a Hold rating and $35 price target.
01/25/19
IMPC
01/25/19
NO CHANGE
Target $46
IMPC
Outperform
American Airlines price target raised to $46 from $42 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for American Airlines to $46 citing the company's better than expected earnings outlook for fiscal 2019. The stock at current levels presents an attractive opportunity with upside potential on earnings and unit revenues, and the valuation reflects low expectations, Derchin tells investors in a post-earnings research note. He keeps an Outperform rating on the shares.
02/08/19
ARGS
02/08/19
INITIATION
ARGS
Hold
American Airlines initiated with a Hold at Argus
Argus analyst John Staszak initiated American Airlines with a Hold rating, saying the airline is expected to face rising costs and revenue headwinds in the near term. The analyst also warns about pressure on margins and earnings coming from the company's planned 3% increase in capacity. Staszak contends that while the airline trades at 6-times his expected forward earnings vs. 9-times peer average, the discount is warranted given its "above-average leverage and prospects for higher costs and modest revenue growth."
02/08/19
02/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Airlines (AAL) initiated with a Hold at Argus. 2. Walmart (WMT) and Sprouts Farmers Market (SFM) were initiated with a Neutral at Buckingham, while Kroger (KR) was initiated with an Underperform. 3. Wrap Technologies (WRTC) initiated with a Buy at Chardan. 4. nLight (LASR) initiated with a Hold at Craig-Hallum. 5. RA Pharmaceuticals (RARX) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ALGT Allegiant Travel
$135.73

-1.52 (-1.11%)

02/04/19
VERT
02/04/19
INITIATION
Target $165
VERT
Buy
Allegiant Travel initiated with a Buy at Vertical Research
Vertical Research analyst Darryl Genovesi started Allegiant Travel earlier with a Buy rating and $165 price target.
02/01/19
IMPC
02/01/19
UPGRADE
Target $168
IMPC
Outperform
Allegiant Travel upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin upgraded Allegiant Travel Company to Outperform and raised his price target for the shares to $168 from $134. The analyst views the shares as attractive after the company's fiscal 2019 earnings outlook came in well ahead of his expectations. He sees "top-tier margins," potential upside from revenue and cost initiatives, and "modest valuations" around current share levels.
01/16/19
IMPC
01/16/19
NO CHANGE
Target $134
IMPC
In-Line
Allegiant Travel price target raised to $134 from $125 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for Allegiant Travel Company to $134 after the company last week announced better than expected Q4 unit revenue growth. The analyst, however, keeps an In-Line rating on the shares despite increasing his estimates. Investors are likely to continue discounting Allegiant shares while its Sunseeker resort is in development, Derchin tells investors in a research note.
02/01/19
02/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Conviction Buy from Buy at Goldman Sachs. 2. Eldorado Gold (EGO) upgraded to Outperform from Sector Perform at National Bank and to Outperform from Market Perform at BMO Capital. 3. Baxter (BAX) upgraded to Equal Weight from Underweight at Barclays with analyst Kristen Stewart saying over the past three months, expectations for the company have been reset, making a neutral rating more appropriate. The analyst also raised her price target for the shares to $72 from $67. 4. Cooper Companies (COO) upgraded to Overweight from Equal Weight at Stephens with analyst Chris Cooley saying he believes that the company is positioned to boost its earnings guidance, citing a stronger growth of its single-use daily SiH contact lens sales, above-forecast Paragard sales, and more modest FX-related headwinds than previously anticipated. 5. Allegiant Travel (ALGT) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying he views the shares as attractive after the company's fiscal 2019 earnings outlook came in well ahead of his expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CKH Seacor
$44.20

1.19 (2.77%)

FDX FedEx
$185.43

4.23 (2.33%)

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.
01/29/19
LOOP
01/29/19
NO CHANGE
Target $2200
LOOP
Buy
FedEx 'inexpensive' for potential purchase by Amazon.com, says Loop Capital
Loop Capital analyst Anthony Chukumba notes the attempts by Amazon (AMZN) to continue its trans-Pacific shipping operation, having recently expanded home delivery service to additional markets with greater air cargo terminal capacity and airline fleet. While the analyst notes that both FedEx (FDX) and UPS (UPS) have downplayed the risks, he sees Amazon's continued expansion as a "slippery slope" for the established shippers that may lead to price cutting. Chukumba contends that "buying is more attractive than building", noting that Amazon could purchase FedEx, which trades at an inexpensive valuation of 10.6-times forward earnings and 6.5-times enterprise value to expected EBITDA multiples. Chukumba also keeps his Buy rating and $2,200 price target on Amazon.
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.
JBLU JetBlue
$17.89

-0.37 (-2.03%)

01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
JPMS
01/10/19
NO CHANGE
JPMS
JPMorgan upgrades United and Alaska Air, downgrades JetBlue
JPMorgan analyst Jamie Baker raised his 2019 estimates "across the board" for the U.S. Airlines ahead of next week's earnings kickoff. However, he says the earnings raises are for the "wrong reasons," namely cheaper fuel and softer RASM. JetBlue Airways' (JBLU) forecasted upside potential falls below 10% after the analyst reduced his target multiples. As such, he downgraded the shares to Neutral from Overweight. The analyst also upgraded Alkaska Air Group (ALK) to Neutral from Underweight rating saying his 2020 earnings forecast for the company is the only one to rise materially. In addition, the analyst upgraded United Continental Holdings (UAL) to Overweight from Neutral. The analyst sees an attractive risk/reward profile following the stock's 14% selloff from just five weeks ago.
01/14/19
IMPC
01/14/19
NO CHANGE
Target $25
IMPC
Outperform
JetBlue remains a top idea at Imperial Capital
Imperial Capital analyst Michael Derchin says JetBlue Airways remains one of his top ideas following the company's December traffic release. The Street is discounting the company's ability to reach its $2.50-$3.00 fiscal 2020 earnings target, Derchin tells investors in a research note. The analyst expects JetBlue to reach its target and he keeps an Outperform rating on the shares with a $25 price target.
02/04/19
VERT
02/04/19
INITIATION
Target $19
VERT
Hold
JetBlue initiated with a Hold at Vertical Research
Vertical Research analyst Darryl Genovesi started JetBlue earlier with a Hold rating and $19 price target.
NAV Navistar
$34.33

1.21 (3.65%)

01/24/19
OTRG
01/24/19
DOWNGRADE
OTRG
Mixed
Navistar downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Navistar to Mixed from Positive following checks with industry sources that indicate a slowing freight demand and order cancellations in Western Europe. Further, the firm's analyst said oversupply is causing weakness in European used truck prices, which are down 1%-4% quarter-over-quarter.
12/24/18
BMOC
12/24/18
NO CHANGE
Target $35
BMOC
Market Perform
Navistar may struggle with multiple expansion on peaking cycle, says BMO Capital
BMO Capital analyst Joel Tiss lowered his price target on Navistar to $35 from $40 and kept his Market Perform rating, saying that while the company is achieving higher profitability through improvement in product line-up, investors should be patient. The analyst notes that a "significant multiple expansion" for the stock would be difficult amid a peaking North American Class 8 cycle, warning that the timing, duration, and depth of the downturn are difficult to forecast. Tiss is also raising his FY19 EPS view to $3.55 from $3.25 but lowers his FY20 view to $2.75 from $3.40.
02/06/19
JPMS
02/06/19
NO CHANGE
JPMS
January Class 8 truck orders down 68% year-over-year, says JPMorgan
According to ACT Research, Class 8 net orders in January were 15,800 units, down 68% year-over-year and down 26% month-over-month, JPMorgan analyst Ann Duignan tells investors in a research note. Class 5-7 January net orders were 23,400 units, down 24% year-over-year but up 3% month-over-month. The analyst believes U.S. macro indicators for truck demand are mixed. She points out that truck orders have the largest incremental impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN), Wabco (WBC) and Allison Transmission (ALSN).
01/14/19
PIPR
01/14/19
NO CHANGE
PIPR
Piper names Paccar, Meritor highest conviction truck ideas
Downside risk is limited for Paccar (PCAR) and Meritor (MTOR), even if a recession is coming in 2020, Piper Jaffray analyst Alexander Potter tells investors in a research note. After examining "the degree to which truck stock valuations have fallen far enough to reflect a worst-case (recessionary) scenario," the analyst names Paccar and Meritor his highest conviction truck ideas. He believes that if expectations for a recession continue rising, stocks like Allison Transmission (ALSN) and Navistar (NAV) "would probably fare less well." These stocks would need to fall by 39% and 44%, respectively, before they fully reflected a recessionary outlook, says Potter.
SNDR Schneider National
$22.46

0.23 (1.03%)

01/04/19
SPHN
01/04/19
UPGRADE
SPHN
Overweight
Schneider National upgraded to Overweight from Equal Weight at Stephens
12/18/18
12/18/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philip Morris (PM) downgraded to Underperform from Neutral at Credit Suisse with analyst Alan Erskine saying after conducting a survey of next-generation products users in Japan, the U.S. and the U.K., he believes slower progress in the take-up of heated tobacco products and weaker combustible organic growth will challenge the high-single-digit earnings growth models of Philip Morris and British American Tobacco (BTI). 2. Wabco (WBC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she is losing conviction that Wabco can return to its "normal" margin and outgrowth framework in FY19, citing rolling global truck markets, recent underperformance in core outgrowth, and sustained margin risks as limiting factors to the previously premium multiple. 3. Kansas City Southern (KSU) and Schneider National (SNDR) were downgraded to Neutral from Overweight at JPMorgan. 4. Illinois Tool Works (ITW) and Flowserve (FLS) were downgraded to Underweight from Equal Weight at Morgan Stanley, while Hubbell (HUBB) was downgraded to Equal Weight from Overweight at Morgan Stanley. 5. Worldpay (WP) downgraded to Outperform from Top Pick at RBC Capital with analyst Daniel Perlin saying while the company trades in line with its peers on a relative price-to-earnings basis, its shares remain attractive given the "conservative" expectations for synergy targets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
01/04/19
UPGRADE
Target $24

Overweight
Stephens sees Schneider National as 'too cheap,' upgrades to Overweight
As previously reported, Stephens analyst Brad Delco upgraded Schneider National to Overweight from Equal Weight, stating that he sees the shares as "too cheap at current levels" given that he views the company as a diversified transportation service provider with a higher quality and more defensive earnings profile and a management team with a demonstrated track record of execution, even in soft periods. However, Delco trimmed his price target on Schneider shares to $24 from $27.
02/04/19
BOFA
02/04/19
UPGRADE
BOFA
Buy
Schneider National upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Ken Hoexter upgraded Schneider National two notches to Buy from Underperform with a $25 price target citing a more balanced market and valuation.
UAL United Continental
$87.97

-1.17 (-1.31%)

01/17/19
IMPC
01/17/19
NO CHANGE
Target $78
IMPC
Underperform
United Continental price target raised to $78 from $73 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for United Continental Holdings (UAL) to $78 citing the company's better than expected Q4 results. The analyst, however, keeps an Underperform rating on the shares. United's unit revenue momentum is expected to slow meaningfully and possibly inflect to negative territory by the second half of 2019, resulting in shares trading at similar valuations as American Airlines (AAL), Derchin tells investors in a research note. He points out United shares are currently trading at a 40% premium to American and a 5% premium to Delta Air Lines (DAL).
01/30/19
ARGS
01/30/19
INITIATION
Target $101
ARGS
Buy
United Continental initiated with a Buy at Argus
Argus analyst John Staszak initiated United Continental with a Buy rating and a price target of $101, saying its Q4 sales and earnings were strong with added operating efficiency improvements coming from cost controls and new revenue management system. The analyst expects added tailwinds for United Continental to come from low fuel prices, solid U.S. flight demand, and the management's efforts to improve margins at airport hubs.
02/04/19
VERT
02/04/19
INITIATION
Target $103
VERT
Buy
United Continental initiated with a Buy at Vertical Research
Vertical Research analyst Darryl Genovesi started United Continental earlier with a Buy rating and $103 price target.
01/30/19
01/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. United Continental (UAL) initiated with a Buy at Argus. 2. Amicus (FOLD) initiated with an Overweight at Cantor Fitzgerald. 3. Take-Two (TTWO) and Zynga (ZNGA) were initiated with a Buy at Goldman Sachs, while Electronic Arts (EA) and Activision Blizzard (ATVI) were initiated with a Neutral. 4. Sirius XM (SIRI) resumed with a Buy at B. Riley. 5. National Grid (NGG) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
UPS UPS
$110.74

1.81 (1.66%)

02/07/19
STPT
02/07/19
DOWNGRADE
STPT
Hold
UPS downgraded to Hold from Buy at Standpoint Research
02/01/19
FBCO
02/01/19
NO CHANGE
Target $111
FBCO
Neutral
UPS price target raised to $111 from $104 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target on UPS to $111 from $104 and maintained a Neutral rating following the company's Q4 results. In a research note to investors, Landry says she is "encouraged" to see initial evidence that UPS' revenue management initiatives are paying dividends, U.S. Domestic margins are "not quite out of the woods yet."
02/11/19
KEYB
02/11/19
NO CHANGE
Target $216
KEYB
Overweight
Workday price target raised to $216 from $179 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Workday (WDAY) to $216 from $179 on improving cloud growth prospects. The analyst notes that analysis of Key First Look Data: Jobs has exposed an unannounced F50 HCM win at UPS (UPS) that began hiring for the global HR transformation team in January. The data also exposed unannounced F100 HCM wins at Comcast (CMCSA; CMCSK), CapitalOne (COF), and Centene (CNC), although job dates suggest these deals may have closed in the October quarter. The January data also exposed a new cloud financials win at Adecco (AHEXY), Bracelin adds. The analyst reiterates an Overweight rating on Workday's shares.
CNI Canadian National
$81.58

0.17 (0.21%)

01/15/19
FBCO
01/15/19
UPGRADE
FBCO
Outperform
Canadian National upgraded to Outperform from Neutral at Credit Suisse
01/15/19
01/15/19
UPGRADE
Target $95

Outperform
Canadian National upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Allison Landry upgraded Canadian National to Outperform from Neutral and raised her price target on the shares to $95 from $90. The analyst believes it is now clear that 2018 was merely a blemish on the company's otherwise impressive scorecard relative to its rail peers, with recent network investments adding sufficient capacity for the company to handle more traffic and grow at low incremental cost. Further, Landry notes that RTM growth has inflected, network fluidity is close to being fully restored, and the O.R. is set up for meaningful improvement in 2019. The analyst sees mid-teens EPS growth in 2019.
01/14/19
DBAB
01/14/19
NO CHANGE
Target $104
DBAB
Buy
Deutsche Bank removes Canadian National from Catalyst Call List
Deutsche Bank analyst Sheldon Clarke removed Canadian National from his firm's Catalyst Call List saying the shares are approaching his three month short-term trading window. However, he continues to view the company's short- and near-term fundamentals as positive and maintains a long term Buy rating on Canadian National with a $104 price target.
01/30/19
MACQ
01/30/19
DOWNGRADE
MACQ
Neutral
Canadian National downgraded to Neutral from Outperform at Macquarie
UNP Union Pacific
$167.21

2.71 (1.65%)

01/15/19
FBCO
01/15/19
NO CHANGE
Target $180
FBCO
Outperform
Union Pacific price target raised to $180 from $166 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target for Union Pacific to $180 from $166 due to a lower discount rate and higher EBIT growth rate in her DCF model. The analyst reiterates an Outperform rating on the shares.
01/10/19
SPHN
01/10/19
NO CHANGE
Target $170
SPHN
Overweight
Stephens reiterates Union Pacific as a best idea for 2019 after pre-announcement
After Union Pacific upwardly revised its margin expectation for 2018 following the close yesterday, Stephens analyst Justin Long called the pre-announcement "another encouraging development" after Monday's news of the hiring of PSR veteran Jim Vena as its new COO. Long reiterated the stock as his best idea for 2019 and keeps an Overweight rating and $170 price target on the shares.
01/25/19
ARGS
01/25/19
NO CHANGE
Target $175
ARGS
Buy
Union Pacific price target raised to $175 from $155 at Argus
Argus analyst John Eade raised his price target on Union Pacific to $175 and kept his Buy rating, saying the stock is in "recovery mode" given the recent improvement in the energy market. The analyst also points to the "strengthening underlying demand for rail transport" and more positive overall volume trends, adding that the company's earnings are further supported by its industry-low operating ratio.
01/24/19
LOOP
01/24/19
NO CHANGE
Target $193
LOOP
Buy
Loop raises Union Pacific price target to $193, sees good fortune continuing
Following Union Pacific's Q4 earnings report, Loop Capital analyst Rick Paterson said it is "a little remarkable how Union Pacific's fortunes have inflected to the positive since October," though he sees "more to come" for the stock. Union Pacific had seemed determined to implement PSR primarily with in-house talent prior to hiring Jim Vena, and operating metrics following the October phase I implementation evidenced a strong start, but the Vena hire "was clearly a positive" and "the icing on the cake in terms of investor sentiment," Paterson added. He raised his price target on Union Pacific shares to $193 from $188 and keeps a Buy rating on the stock.
MATX Matson
$33.46

0.96 (2.95%)

09/28/18
WELS
09/28/18
DOWNGRADE
Target $35
WELS
Market Perform
Triton International downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Michael Webber downgraded Triton International (TRTN) to Market Perform and lowered his price target for the shares to $35 from $44. The analyst downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. The implementation of IMO 2020 fuel regulations will likely drive "significant losses" for most container lines, which will eventually weigh heavily on valuations and discount rates across the entire sector, Webber tells investors in a research note. Further, he believes higher fuel costs coupled with weaker container lines create trouble for the lessors. Along with Triton, Webber downgraded CAI International (CAI) and Costamare (CMRE) to Market Perform from Outperform and Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He keeps a Market Perform rating on Matson (MATX) with an unchanged price target of $35.
09/28/18
09/28/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. CITI CUTS TESLA TO SELL: Citi analyst Itay Michaeli downgraded Tesla (TSLA) to Sell from Neutral and lowered his price target for the shares to $225 from $356. The analyst is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. In a scenario where the suit leads to Musk's exit, the analyst says there is "little question" that the departure would likely cause harm to Tesla's brand, stakeholder confidence and fundraising. This would increase the risk of triggering a "downward confidence spiral" given the state of Tesla's balance sheet, Michaeli said. Even if Musk were to stay on after settling or prevailing, the analyst believes the "reputational harm" from the suit "might still prevent the stock from immediately returning to 'normal.'" SUNTRUST UPGRADES LOWE'S TO BUY: SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). STIFEL STARTS ZYNGA WITH A BUY: Stifel analyst Drew Crum initiated Zynga (ZNGA) with a Buy rating and a price target of $5. The analyst cites the "favorable industry for mobile gaming", with annualized mobile gaming revenue expected to increase by 17%. Crum also cites his expectations of greater visibility on its game pipeline and further opportunities to improve adjusted EBITDA. WELLS DOWNGRADES CONTAINERSHIP NAMES: Wells Fargo analyst Michael Webber downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. He downgraded Triton International (TRTN), CAI International (CAI) and Costamare (CMRE), all to Market Perform from Outperform, and cut Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He kept a Market Perform rating on Matson (MATX) with an unchanged price target of $35. EVERCORE BOOSTS NVIDIA PRICE TARGET: Evercore ISI analyst C.J. Muse said he believes investors are now more appreciative of Nvidia's (NVDA) opportunity in creating the AI industry standard and the company's "positive feedback loop" within deep learning. Longer-term, he sees tremendous growth opportunities led by the new Turing architecture, which further entrenches Nvidia's high-end gaming moat and presents a "meaningful" opportunity in Inference, Muse said. The analyst, who sees Nvidia being poised to grow EPS at a 30-35% CAGR through 2020 and beyond, raised his price target on the stock to $400 from $300 and kept an Outperform rating on the shares.
11/20/18
STFL
11/20/18
DOWNGRADE
STFL
Hold
Matson downgraded to Hold from Buy at Stifel
11/20/18
11/20/18
DOWNGRADE
Target $43

Hold
Matson downgraded to Hold on fading Chinese tailwind at Stifel
As previously reported, Stifel analyst Benjamin Nolan downgraded Matson to Hold from Buy citing his expectation for momentum to slow related to container volumes from China. Also, following a tour of logistics companies in Hawaii, Nolan tells investors that "Hawaii is good but not great" and he expects demand growth from that "critical segment" to be only modest, not a catalyst for the shares. Nolan maintains his $43 price target on Matson shares.
MTOR Meritor
$20.74

0.43 (2.12%)

01/23/19
01/23/19
DOWNGRADE
Target $19

Sector Perform
Meritor downgraded to Sector Perform from Outperform at RBC Capital
As previously reported, RBC Capital analyst Joseph Spak downgraded Meritor to Sector Perform but raised his price target to $19 from $18. The analyst notes that his positive view of the company's management and its long term strategy is intact, but sees valuation on Meritor as "mostly fair" with "limited upside to expectations". Spak further states that while the company's margins should improve in spite of the sales decline, the management's estimate of 12.5% margin by 2022 may be hard to achieve.
01/23/19
RBCM
01/23/19
DOWNGRADE
RBCM
Sector Perform
Meritor downgraded to Sector Perform from Outperform at RBC Capital
01/30/19
RBCM
01/30/19
NO CHANGE
Target $22
RBCM
Sector Perform
Meritor price target raised to $22 from $19 at RBC Capital
RBC Capital analyst Joseph Spak raised his price target on Meritor to $22 after its Q1 earnings beat that showed "strength in both its Commercial Truck & Trailer and Aftermarket & Industrial segments." The analyst notes that the management anticipates the latter segment operating at over 14% margin in each quarter this year, stating that while he believes in the company's goal, he sees the current valuation on the stock as "fair". Spak is keeping his Sector Perform rating on Meritor.
CHRW C.H. Robinson
$91.01

0.89 (0.99%)

01/15/19
FBCO
01/15/19
NO CHANGE
Target $80
FBCO
Underperform
C.H. Robinson price target lowered to $80 from $86 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for C.H. Robinson to $80 from $86 due to a lower EBIT growth rate and a higher discount rate partially offset by a higher base year EBIT in her DCF model. The analyst reiterates an Underperform rating on the shares.
10/17/18
LOOP
10/17/18
INITIATION
Target $107
LOOP
Buy
C.H. Robinson initiated with a Buy at Loop Capital
Loop Capital analyst Jeffrey Kauffman started C.H. Robinson Worldwide with a Buy rating and $107 price target. The company possesses a "significant" scale advantage in the domestic freight brokerage space, nearly three times the size of its closest competitor, Kauffman tells investors in a research note. The analyst thinks C.H. is at the "head of the class" in a marketplace with consistent growth characteristics. He believes the recent selloff in the shares provides an attractive entry point.
10/19/18
CLVD
10/19/18
INITIATION
CLVD
Neutral
C.H. Robinson assumed with a Neutral at Cleveland Research
Cleveland Research analyst Chris Johnson assumed coverage on C.H. Robinson with a Neutral rating saying commentary from brokers is more cautious on regarding the outlook for 2019 truck brokerage.
01/30/19
UBSW
01/30/19
NO CHANGE
Target $99
UBSW
Buy
C.H. Robinson results highlight strong execution, says UBS
UBS analyst Thomas Wadewitz said C.H. Robinson reported Q4 results significantly above consensus, highlighting its strong execution and favorable part of the cycle. The analyst believes its earnings growth will support upside for the stock. Wadewitz reiterated his Buy rating and raised his price target to $99 from $97 on C.H. Robinson shares.
HUBG Hub Group
$44.96

1.09 (2.48%)

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).
12/04/18
UBSW
12/04/18
DOWNGRADE
Target $48
UBSW
Neutral
Hub Group downgraded to Neutral from Buy at UBS
UBS analyst Thomas Wadewitz downgraded Hub Group to Neutral and lowered his price target for the shares to $48 from $53. A softer truckload spot market in Q3 and the lack of a strong seasonal tightening in the last two months indicate that "some capacity has been entering the truckload market," Wadewitz tells investors in a research note. Further, pull forward of activity related to tariffs and other cyclical risks point to potentially slower freight in 2019, adds the analyst. As such, Wadewitz no longer has "visibility to an upside catalyst" for Hub Group shares.
11/06/18
11/06/18
UPGRADE
Target $58

Buy
Hub Group upgraded to Buy after CaseStack deal at Stifel
As previously reported, Stifel analyst David Ross upgraded Hub Group to Buy from Hold after the company announced the acquisition of CaseStack. Ross sees the deal being 42c accretive to earnings next year and increased both his 2019 and 2020 EPS estimates following the announcement. He believes the CaseStack deal has enough financial merit and minimal operational or other integration risk to add at least $5 per share to the stock price, added Ross, who raised his price target on Hub Group shares to $58 from $53.
02/08/19
SPHN
02/08/19
NO CHANGE
Target $55
SPHN
Overweight
Hub Group price target raised to $55 from $50 at Stephens
Stephens analyst Justin Long noted that Hub Group's Q4 report continued the company's recent run of better than expected results, stating that he also felt that the operating performance was even better than the headline results. While the stock has "had a nice rebound," its valuation remains well below the 5 year average, said Long, who raised his price target on Hub Group to $55 and keeps an Overweight rating on the shares.
ARCB ArcBest
$38.44

1.07 (2.86%)

01/31/19
LOOP
01/31/19
NO CHANGE
LOOP
ArcBest price target raised to $40 from $39 at Loop Capital
Loop Capital analyst Jeffrey Kauffman maintained a Neutral rating on ArcBest, but raised his price target to $40 from $39, citing relative market valuation. The analyst said the company's Q4 results were "solid," but noted that some increased investment spending would weigh on 2019 results.
12/13/18
RHCO
12/13/18
INITIATION
Target $47
RHCO
Buy
ArcBest initiated with a Buy at SunTrust
As reported yesterday, SunTrust analyst Stephanie Benjamin initiated ArcBest with a Buy rating and $47 price target. The analyst expects the company to continue to outperform its peers given its "early stages of profitability initiatives". Benjamin also sees ArcBest's "decentralized operating model" having the potential to improve its operating ratio to low 90% from 97% in the next few years, anticipating its multiples to expand as its margins widen.
12/12/18
RHCO
12/12/18
INITIATION
RHCO
Buy
ArcBest initiated with a Buy at SunTrust
SunTrust analyst Stephanie Benjamin initiated ArcBest with a Buy rating and $47 price target.
12/11/18
LOOP
12/11/18
NO CHANGE
Target $39
LOOP
Hold
ArcBest price target lowered to $39 from $46 at Loop Capital
Loop Capital analyst Jeffrey Kauffman lowered his price target on ArcBest to $39 to reflect the lower valuation across his coverage universe and the broader S&P500. The analyst also kept his Hold rating on the shares, even though he sees the company's Q4 volume and pricing trends as strong with more positive momentum expected for the LTL trucking sector where tonnage per day is growing in the mid-single-digit range.
RRTS Roadrunner
$0.50

0.0039 (0.79%)

01/15/19
STFL
01/15/19
INITIATION
STFL
Hold
Roadrunner resumed with a Hold at Stifel
Stifel analyst J. Bruce Chan resumed Roadrunner with a Hold rating and 61c price target, stating that the company has a credible go-to-market strategy but he also views it as an "acquisition roll-up with significant risks."

TODAY'S FREE FLY STORIES

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HRL

Hormel Foods

$42.86

-0.45 (-1.04%)

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Put buyers gobble up positions in Hormel Foods ahead of earnings »

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Wix.com

$112.09

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10:56
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SJM

J.M. Smucker

$106.49

2.47 (2.37%)

10:54
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J.M. Smucker issues preliminary FY20 adjusted EPS growth outlook of 3%-4% »

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SJM

J.M. Smucker

$106.08

2.06 (1.98%)

10:52
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ETM

Entercom

$7.73

0.22 (2.93%)

10:50
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Pre-earnings call buying in Entercom Communications »

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J.M. Smucker

$106.00

1.98 (1.90%)

10:48
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J.M. Smucker repeats FY19 adjusted EPS view of $8.00-$8.20, consensus $8.01 »

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TGEN

Tecogen

$3.84

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Turkcell

$6.97

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Honeywell

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Honeywell

$153.66

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FITB

Fifth Third

$27.49

-0.025 (-0.09%)

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10:40
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General news
Money market rates have dipped »

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Conference/Events
Morgan Stanley sports/footwear analyst to hold analyst/industry conference call »

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KO

Coca-Cola

$44.99

0.17 (0.38%)

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Vote of confidence in Coca Cola »

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ARW

Arrow Electronics

$81.74

0.73 (0.90%)

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10:25
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Credit Suisse analysts to hold an analyst/industry conference call »

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UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

FLR

Fluor

$37.46

0.46 (1.24%)

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Halliburton

$32.29

0.59 (1.86%)

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HAL

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W

Wayfair

$120.90

0.67 (0.56%)

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