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FDX

FedEx

$181.50

-0.92 (-0.50%)

06:46
03/20/19
03/20
06:46
03/20/19
06:46

FedEx remains 'story for potential upside' despite 'rocky' quarter, says Citi

Citi analyst Christian Wetherbee says FedEx reported fiscal Q3 results that were in line on a headline basis, but weaker than expected on a core basis as comparable earnings per share fell 29c below his target. However, the analyst believes there is "still a story for potential upside a few months out" as sell-side estimates fall into range with buy-side targets and the company outlines a path to "decent growth" in fiscal 2020. FedEx's second guide down should "finally push stubbornly high" consensus estimates below $17 in fiscal 2020, Wetherbee tells investors in a post-earnings research note titled "Rocky Qtr, as Expected...a Bit More Time Needed for Clean Slate." He believes the stock's risk/reward looks favorable and keeps a Buy rating on FedEx with a $210 price target. The official fiscal 2020 guidance coming in June "could finally help put in a floor and present a catalyst for upside," says Wetherbee.

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FDX FedEx
$181.50

-0.92 (-0.50%)

02/15/19
JPMS
02/15/19
NO CHANGE
Target $78
JPMS
Overweight
JPMorgan cuts XPO Logistics target to $78, removes from Focus List
JPMorgan analyst Brian Ossenbeck lowered his price target for XPO Logistics (XPO) to $78 from $84 and removed the stock from his firm's Analyst Focus List following the company's Q4 results. The analyst expects XPO shares will be under pressure as the market digests a second guidance cut in as many months from "persistent uncertainty" in Europe combined with the recent loss of a large customer. Ossenbeck believes the shipper that is paring down its parcel injection, brokerage, last mile, and logistics activity with XPO is Amazon (AMZN). The market will interpret the XPO contract loss as Amazon taking capacity in-house which is negative for FedEx (FDX) and UPS (UPS), the analyst tells investors in a research note. He lowered his price target for XPO but keeps an Overweight rating on the name.
02/19/19
MSCO
02/19/19
DOWNGRADE
Target $71
MSCO
Equal Weight
Morgan Stanley downgrades XPO Logistics, says M&A 'off the table'
As previously reported, Morgan Stanley analyst Ravi Shanker downgraded XPO Logistics (XPO) to Equal Weight from Overweight and lowered his price target for the shares to $71 from $116, stating that the company's 2019 guidance and sudden loss of its largest customer with virtually no notice has raised questions on forward visibility. M&A potential had made it his top pick previously, but now M&A is "off the table," said Shanker, who thinks confidence in the company's near-term trajectory may take time to recover. The analyst, who did not name the customer that he believes XPO recently lost, added he believes the customer aggressively insourcing its business away from XPO has "a significant negative read-across to other companies in the sector that are exposed to the same customer," particularly UPS (UPS), FedEx (FDX) and C.H. Robinson (CHRW). Other analysts have speculated that Amazon (AMZN) was the large customer lost by XPO.
02/22/19
RILY
02/22/19
NO CHANGE
RILY
Stamps.com should return to high single-digit growth, says B. Riley FBR
B. Riley FBR analyst Zach Cummins lowered his price target for Stamps.com (STMP) to $130 from $300 after the company announced the discontinuation of its partnership with the U.S. Postal Service. The stock in premarket trading is down 47%, or $93.07, to $105.01. The analyst also removed the shares from his firm's Alpha Generator list. However, he keeps a Buy rating on the shares. While cutting his estimates substantially on the news, Cummins believes Stamps.com can return to high single-digit growth with adjusted EBITDA margins near 30% in fiscal 2020. Stamps.com should be able to leverage its relationships, integrations, and volumes across to the industry to secure revenue share agreements with the likes of FedEx (FDX), UPS (UPS), or even Amazon.com (AMZN), Cummins tells investors in a research note.
03/07/19
SBSH
03/07/19
NO CHANGE
Target $210
SBSH
Buy
FedEx price target lowered to $210 from $225 at Citi
Citi analyst Christian Wetherbee lowered his Q3 earnings per share estimate for FedEx to $3.05, which is 10c below consensus, from $3.28 ahead of the company's results. The reduced estimate reflects a softer outlook for Express related to slower International trends and ongoing profit headwinds from the TNT integration, as well as somewhat lower profit growth at Freight. The analyst ultimately sees value in FedEx shares given the "significantly" lowered expectations for TNT, but he acknowledges that "real clarity" may not be achieved until the company provides a full accounting of TNT. Wetherbee cut his price target for FedEx to $210 from $225 and keeps a Buy rating on the name.

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Covetrus

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Viacom

$23.07

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Viacom

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CWK

Cushman & Wakefield

$19.10

0.1 (0.53%)

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LMT

Lockheed Martin

$393.52

3.305 (0.85%)

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ESCA

Escalade

$10.90

-0.09 (-0.82%)

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CZR

Caesars

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0.1 (0.78%)

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0.93 (1.82%)

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Caesars

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0.1 (0.78%)

ERI

Eldorado Resorts

$52.10

0.93 (1.82%)

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EGRX

Eagle Pharmaceuticals

$57.24

0.55 (0.97%)

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FN

Fabrinet

$60.82

0.84 (1.40%)

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Fabrinet President Gill sells 12.9K shares of common stock »

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TEUM

Pareteum

$0.38

-0.0209 (-5.21%)

17:05
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Pareteum receives noncompliance notice from Nasdaq »

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HEXO

Hexo

$1.78

-0.1 (-5.32%)

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Hexo was cannabis was being grown in unlicensed space at Niagara site »

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AMGN

Amgen

$220.84

2.29 (1.05%)

, CELG

Celgene

$110.02

-0.01 (-0.01%)

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AMGN

Amgen

$220.84

2.29 (1.05%)

CELG

Celgene

$110.02

-0.01 (-0.01%)

BMY

Bristol-Myers

$58.61

0.11 (0.19%)

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RAVE

Rave Restaurant

$1.44

-0.79 (-35.43%)

16:47
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BBRC Asset Management reports 6.6% passive stake in Rave Restaurant »

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CHAP

Chaparral Energy

$0.89

-0.0521 (-5.52%)

16:46
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Chaparral Energy receives continued listing standard notice from NYSE »

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16:45
11/15/19
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16:45
General news
Breaking General news story  »

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CI

Cigna

$196.08

6.41 (3.38%)

, CNC

Centene

$57.57

2.91 (5.32%)

16:41
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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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CI

Cigna

$196.08

6.41 (3.38%)

CNC

Centene

$57.57

2.91 (5.32%)

CVS

CVS Health

$74.27

1.34 (1.84%)

HUM

Humana

$335.43

17.48 (5.50%)

UNH

UnitedHealth

$269.44

13.68 (5.35%)

WCG

WellCare

$312.01

10.155 (3.36%)

HNT

Health Net

$0.00

(0.00%)

MOH

Molina Healthcare

$129.60

7.3 (5.97%)

ANTM

Anthem

$298.18

16.14 (5.72%)

HCA

HCA Healthcare

$137.98

3.51 (2.61%)

CYH

Community Health

$3.12

0.25 (8.71%)

LPNT

LifePoint

$0.00

(0.00%)

UHS

Universal Health

$144.30

3.13 (2.22%)

NVDA

Nvidia

$204.12

-5.76 (-2.74%)

AMZN

Amazon.com

$1,739.33

-15.38 (-0.88%)

MSFT

Microsoft

$149.95

1.89 (1.28%)

UAA

Under Armour

$17.78

0.65 (3.79%)

UA

Under Armour

$15.97

0.41 (2.64%)

AMRN

Amarin

$23.99

2.5 (11.63%)

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

GOOG

Alphabet

$1,334.01

21.82 (1.66%)

GOOGL

Alphabet Class A

$1,333.33

23.54 (1.80%)

ORCL

Oracle

$56.43

0.33 (0.59%)

RH

RH

$188.73

13.535 (7.73%)

QGEN

Qiagen

$40.56

3.255 (8.73%)

FTCH

Farfetch

$9.66

2.17 (28.97%)

THC

Tenet

$30.55

1.08 (3.66%)

TORC

resTORbio

$1.10

-6.83 (-86.13%)

ACB

Aurora Cannabis

$2.72

-0.57 (-17.33%)

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NYT

New York Times

$31.60

0.44 (1.41%)

16:41
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11/15
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New York Times CEO sells 66,000 class A common shares »

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  • 09

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WEX

Wex

$200.52

4.61 (2.35%)

16:41
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Hot Stocks
Wex director Morris sells 3K shares of common stock »

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CBLI

Cleveland BioLabs

$0.59

-0.0444 (-6.97%)

16:39
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16:39
Hot Stocks
Cleveland BioLabs CEO resigns effective December 13th »

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LOGC

LogicBio Therapeutics

$9.29

-0.04 (-0.43%)

16:38
11/15/19
11/15
16:38
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16:38
Syndicate
Breaking Syndicate news story on LogicBio Therapeutics »

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HTBI

HomeTrust

$25.99

-0.31 (-1.18%)

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HomeTrust raises quarterly dividend 17% to 7c per share »

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FR

First Industrial Realty

$42.05

-0.03 (-0.07%)

16:36
11/15/19
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16:36
Hot Stocks
First Industrial Realty director sells 12K shares of common stock »

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UBSI

United Bankshares

$39.51

-0.19 (-0.48%)

16:31
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Hot Stocks
United Bankshares declares Q4 dividend of 35c per share »

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16:30
11/15/19
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16:30
Options
Preliminary option volume of 24.0M today »

Preliminary option volume…

16:25
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Conference/Events
Federal Reserve Bank of San Francisco participates in a discussion »

San Francisco Federal…

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