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XPO

XPO Logistics

$51.50

1.27 (2.53%)

, FDX

FedEx

$179.01

3.98 (2.27%)

07:14
03/22/19
03/22
07:14
03/22/19
07:14

XPO screens favorably on sum-of-the-parts analysis, says Barclays

Given a weakening transport environment, as recently exemplified by FedEx (FDX), XPO Logistics (XPO) will likely also face cyclically slower outcomes in the U.S. and Europe, adding to pressure from the earlier loss of $600M in revenue from a customer, Barclays analyst Brandon Oglenski tells investors in a research note. However, cyclical challenges are not likely to be unique to XPO, says the analyst. Oglenski, while admitting valuing XPO is challenging, says his "conservative" sum-of-the-parts analysis suggests downside potential to $45 per share, with potential upside, assuming a median transport valuation, closer to $85 at the midpoint. And while XPO's share repurchases will likely to add another $2B in debt, they should drive accretion of around 20%, says Oglenski. He believes XPO Logistics screens favorably on a sum-of-the-parts analysis and keeps an Overweight rating on the shares with a $65 price target.

XPO

XPO Logistics

$51.50

1.27 (2.53%)

FDX

FedEx

$179.01

3.98 (2.27%)

  • 01

    Apr

  • 02

    Apr

  • 25

    Jun

XPO XPO Logistics
$51.50

1.27 (2.53%)

02/19/19
RHCO
02/19/19
NO CHANGE
Target $65
RHCO
Buy
XPO Logistics price target lowered to $65 from $83 at SunTrust
SunTrust analyst Stephanie Benjamin lowered her price target on XPO Logistics to $65 after its Q4 earnings miss and lowered guidance because the company's largest customer "meaningfully reduced its postal injection, truck brokerage, and intermodal business". The analyst also keeps her Buy rating on the stock trading at the "low end of its historical range" and offering strong top-line growth in its Contract Logistics business and a 9% free cash flow yield.
02/25/19
SBSH
02/25/19
NO CHANGE
Target $75
SBSH
Buy
XPO could be left with $100M of Amazon revenue over time, says Citi
Citi analyst Christian Wetherbee lowered his price target for XPO Logistics (XPO) to $75 from $80 after spending time with management and keeps a Buy rating on the shares. The analyst reduced his adjusted EBITDA estimates for the first half of 2019 on expectations for slower year-over-year growth as a result of lost last mile business. However, Wetherbee expects XPO's growth to be better in the second half of 2019 as the company laps a customer bankruptcy in Q3 and the loss of its largest customer in Q4. He also expects XPO's Amazon (AMZN) business to "further roll off over the next three years in Contract Logistics and Last Mile." It is possible that XPO is left with $100M of its current $300M in Amazon revenue over time, Wetherbee tells investors in a research note.
03/12/19
MSCO
03/12/19
NO CHANGE
Target $71
MSCO
Equal Weight
XPO's COO exit marks another major executive departure, says Morgan Stanley
After XPO Logistics (XPO) announced that COO Kenny Wagers, who was a "marquee hire" from Amazon (AMZN), had been terminated "without cause," Morgan Stanley analyst Ravi Shanker called the exit the company's fourth major executive departure since July 2018. While he does not expect any more departures and sees no financial impact from this latest loss, Shanker keeps an Equal Weight rating on XPO shares "until news flow stabilizes and turns positive," he tells investors.
03/15/19
DBAB
03/15/19
NO CHANGE
DBAB
Deutsche closes short-term ideas on XPO, Kansas City Southern
Deutsche Bank analyst Amit Mehrotra closes his short-term ideas on both XPO Logistics (XPO) and Kansas City Southern (KSU). On XPO, the analyst says the "quick recovery" in the shares he expected from management's buyback efforts has not materialized. However, his long-term fundamental rating remains Buy on the stock. On Kansas City Southern, Mehrotra notes the shares are now the best performing rail stock year-to-date. His long-term fundamental rating remains Buy on the shares.
FDX FedEx
$179.01

3.98 (2.27%)

03/20/19
03/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monster Beverage (MNST) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Judy Hong saying the company's U.S. sales could remain softer than expected in the near term, driving downward estimate revisions. 2. FedEx (FDX) downgraded to Neutral from Overweight at JPMorgan with analyst Brian Ossenbeck noting FedEx's outlook was lowered more than expected as legacy Express leverage to a strong airfreight market was muted and the full TNT integration remains a second half of 2020 event. 3. Rockwell Automation (ROK) downgraded to Neutral from Buy at UBS with analyst Peter Lennox-King seeing a balanced risk/reward profile given the company's "decelerating growth outlook." 4. Teradata (TDC) downgraded to Sell from Neutral at Citi with analyst Tyler Radke saying shares are up over 20% since the company preannounced a strong Q4, but the quarter benefitted from one-offs. 5. Envestnet (ENV) downgraded to Neutral from Buy at DA Davidson with analyst Peter Heckmann noting the rebound in shares has taken valuation on the stock to more fair levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/19
WELS
03/21/19
NO CHANGE
Target $220
WELS
Outperform
FedEx price target lowered to $220 from $285 at Wells Fargo
Wells Fargo analyst Casey Deak lowered her price target for FedEx (FDX) to $220 from $285 after the company reported "disappointing" Q3 results and a reduction in fiscal year guidance. Looking forward, the analyst sees continued stress on global airfreight and customer movement toward deferred services constraining margins. However, given the recent pressure on the shares and the growing market share in international markets, she believes the shares to be undervalued at this point of the cycle and expects the market to reflect a closer parity to UPS (UPS) multiples going forward. The analyst reiterates an Outperform rating on FedEx shares.
03/21/19
DAIW
03/21/19
DOWNGRADE
DAIW
Neutral
FedEx downgraded to Neutral from Outperform at Daiwa
03/21/19
DAIW
03/21/19
DOWNGRADE
Target $179
DAIW
Neutral
FedEx earnings risks outweigh 'attractive' valuation, Daiwa says in downgrade
Daiwa analyst Jairam Nathan downgraded FedEx to Neutral from Outperform and lowered his price target for the shares to $179 from $187. The "disappointing" Ground margin performance in this week's fiscal Q3 results adds to concerns over trade with China and delayed TNT integration benefits, Nathan tells investors in a research note. Further, the analyst sees risk to FedEx's fiscal 2020 earnings from an economic slowdown. These earnings risks outweigh the stock's "attractive" valuation, says Nathan.

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IIVI

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PSMT

PriceSmart

$60.29

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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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Hot Stocks
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IIVI

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-0.015 (-0.33%)

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
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Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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Hot Stocks
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
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Conference/Events
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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
09/20/19
09/20
17:02
09/20/19
17:02
Syndicate
Breaking Syndicate news story on Nine Energy Services »

Nine Energy Services…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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ATOM

Atomera

$3.70

0.17 (4.82%)

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

Semiconductor Analysts…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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