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EXPD

Expeditors

$75.03

1.47 (2.00%)

08:46
02/20/19
02/20
08:46
02/20/19
08:46

Expeditors price target raised to $69 from $64 at Credit Suisse

Credit Suisse analyst Allison Landry raised her price target for Expeditors to $69 from $64 after the company posted a "strong" Q4 beat with an acceleration in volumes and EBIT growth outpacing net revenue by about 1%. Nonetheless, the analyst reiterates an Underperform rating on the shares and notes that "choppy waters ahead may disrupt otherwise smooth sailing."

EXPD Expeditors
$75.03

1.47 (2.00%)

09/04/18
DBAB
09/04/18
INITIATION
Target $71
DBAB
Hold
Expeditors initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Seldon Clarke started Expeditors International of Washington with a Hold rating and $71 price target. The analyst sees limited upside in the shares following the recent outperformance.
12/07/18
GSCO
12/07/18
DOWNGRADE
Target $68
GSCO
Sell
Expeditors downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Reustle downgraded Expeditors International of Washington to Sell with a $68 price target. The analyst sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business.
12/07/18
GSCO
12/07/18
DOWNGRADE
Target $68
GSCO
Sell
Goldman Sachs downgrades Expeditors to Sell on 'deteriorating' fundamentals
Goldman Sachs analyst Matthew Reustle downgraded Expeditors International of Washington to Sell from Neutral with an unchanged price target of $68. The stock closed yesterday down $1.24 to $74.30. The analyst sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. He forecasts Expeditors' net revenue growth will slow to 4% in 2019 from 13% in 2018. This, combined with an expectation that tax rates will increase relative to 2018, implies the company's growth will decelerate to 2% in 2019, Reustle tells investors in a research note. The analyst believes "deteriorating" fundamentals, elevated exposure to a slowdown in global trade and "rich" valuations will drive shares lower in 2019.
12/07/18
12/07/18
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. Secureworks (SCWX) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Outperform at First Analysis. 2. Methanex (MEOH) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he is now more cautious on the Chemicals space and he expects recession risk signals to continue emerging over the next few quarters. 3. Expeditors (EXPD) downgraded to Sell from Neutral at Goldman Sachs with analyst Matthew Reustle saying he sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. 4. Chesapeake (CHK) downgraded to Underweight from Neutral at JPMorgan while Devon Energy (DVN) was downgraded to Neutral from Overweight. 5. Momo (MOMO) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UPS

UPS

$120.71

1.61 (1.35%)

21:22
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09/20
21:22
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Conference/Events
UPS management to meet with UBS »

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  • 23

    Sep

DIS

Disney

$132.18

-1.14 (-0.86%)

, T

AT&T

$37.92

0.78 (2.10%)

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Disney reaches TV carriage agreement with AT&T, Bloomberg says »

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Disney

$132.18

-1.14 (-0.86%)

T

AT&T

$37.92

0.78 (2.10%)

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  • 23

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    Oct

BA

Boeing

$379.33

-5.28 (-1.37%)

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Icelandair reaches deal for Boeing to cover costs associated with 737, WSJ says »

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  • 02

    Oct

MCF

Contango Oil & Gas

$1.71

-0.07 (-3.93%)

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

17:41
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SPDR Gold Shares holdings rise to 894.15MT from 883.60MT »

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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

17:37
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Syndicate
Vaxart files to sell 15.6M shares of common stock »

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AAPL

Apple

$217.69

-3.22 (-1.46%)

17:34
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Apple given tariff exclusion on certain Mac Pro parts, Bloomberg says »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:31
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Hot Stocks
II-VI to enter S&P 400; Callon Petroleum, PriceSmart to enter S&P SmallCap600 »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

03/08/13
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  • 23

    Sep

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  • 02

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  • 30

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
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Hot Stocks
NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

03/08/13
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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

17:24
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09/20
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17:24
Hot Stocks
Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

Orbital Sciences, or OSC,…

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
09/20/19
09/20
17:23
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17:23
Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:22
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09/20
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Hot Stocks
Breaking Hot Stocks news story on II-VI, Callon Petroleum »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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  • 23

    Sep

  • 24

    Sep

  • 02

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
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09/20
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Hot Stocks
Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
09/20/19
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17:03
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Conference/Events
Resonant participates in a conference call with Loop Capital »

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  • 01

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  • 12

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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Syndicate
Breaking Syndicate news story on Nine Energy Services »

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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
09/20/19
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17:00
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
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16:50
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

    Oct

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    Oct

AAPL

Apple

$217.69

-3.22 (-1.46%)

16:45
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Periodicals
Breaking Periodicals news story on Apple »

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IDA

IDACORP

$111.26

0.93 (0.84%)

16:36
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16:36
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IDACORP raises quarterly dividend to 67c from 63c per share »

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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

16:33
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Altria Group recommends rejection of amended mini-tender by TRC »

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

16:32
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Air Lease announces delivery of new A321-200neo to Air Astana »

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EADSY

Airbus

$0.00

(0.00%)

AL

Air Lease

$42.68

-0.615 (-1.42%)

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  • 13

    Nov

16:30
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09/20
16:30
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16:30
Options
Preliminary option volume of 23.5M today »

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PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
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16:28
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Periodicals
Phillips 66 says Beaumont oil terminal ops still shut down, Reuters says »

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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

16:24
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Post files IPO for active nutrition unit BellRing Brands »

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