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UPS

UPS

$114.39

0.79 (0.70%)

07:04
04/25/19
04/25
07:04
04/25/19
07:04

UPS sees FY adjusted free cash flow $3.5B-$4B

UPS said: "Adjusted free cash flow for the year is projected to be between $3.5 and $4 billion with potential additional upside from the working capital initiatives. The effective tax rate for 2019 is estimated to be between 23% and 24%. In the second quarter, we will open about 30% of our planned 2019 capacity; no facilities were opened during the same period last year. Thus onboarding costs will weigh on the second-quarter results. Overall operating profit in the second quarter is expected to grow. Adjusted EPS is anticipated to be relatively flat to last year driven by planned pension financing costs. Third-quarter adjusted EPS is expected to benefit from numerous items including one additional operating day and year-over-year International benefits from 2018 commodities headwinds that should not repeat. Transformation-related charges and pension MTM are not included in the adjusted guidance."

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UPS UPS
$114.39

0.79 (0.70%)

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.
04/01/19
BREN
04/01/19
UPGRADE
Target $130
BREN
Buy
UPS upgraded to Buy from Hold at Berenberg
Berenberg analyst Joel Spungin upgraded UPS to Buy from Hold with a $130 price target. Following an in-depth review of European parcel markets, the analyst is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year. Its cash conversion remains strong and free cash flow guidance "looks too conservative," Spungin tells investors in a research note. He says UPS has built a strong presence in European business-to-business delivery.
04/01/19
BREN
04/01/19
DOWNGRADE
BREN
Hold
FedEx downgraded to Hold from Buy at Berenberg
Berenberg analyst Joel Spungin downgraded FedEx (FDX) to Hold from Buy. The analyst's in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." Further, the company is exposed to some "lower-growth, more economically sensitive segments of the market than peers," Spungin tells investors in a research note. He believes a slowdown in international markets, "indigestion" from the TNT acquisition and higher costs in Ground mean FedEx's margin improvement "will take longer to come through." The analyst this morning also upgraded UPS (UPS) to Buy from Hold.
04/01/19
04/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Hold at Berenberg with analyst Joel Spungin saying he is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year, following an in-depth review of European parcel markets. 2. AstraZeneca (AZN) upgraded to Outperform from Market Perform at Cowen with analyst Steve Scala saying the 5% stock decline on news of the company's partnership with Daiichi Sankyo for trastuzumab deruxtecan, which he calls a "promising" breast cancer drug, offers a compelling entry point. 3. Energizer (ENR) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Jason English saying he sees a credible path to top-tier EBIT, EBITDA and EPS growth over the next three years "fueled almost entirely" by debt-reduction and synergies from its recently completed deals for the Global Battery & Lighting business and Global Auto Care business of Spectrum Brands (SPB). 4. Anadarko (APC) resumed with a Buy from Neutral at Citi with analyst Robert Morris citing the stock's underperformance over the past three months and the company's recent success in the Delaware Basin for the upgrade. 5. F5 Networks (FFIV) upgraded to Buy from Neutral at Nomura Instinet with analyst Jeffrey Kvaal saying "long an out-of-favor name," F5 shares are now ~25% below their 2018 peak following the acquisition of Nginx. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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JPM

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-0.31 (-1.11%)

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Mitsubishi Motors

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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STM

STMicroelectronics

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STMicroelectronics put volume heavy and directionally bearish »

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UMC

UMC

$2.18

0.03 (1.40%)

12:14
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UMC rating change  »

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AGN

Allergan

$164.20

34.55 (26.65%)

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Lennar

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ALDX

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BHF

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DLTR

Dollar Tree

$109.86

-2.86 (-2.54%)

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Dollar Tree director Thomas Saunders sells over $1.6M in company shares »

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SSRM

SSR Mining

$13.72

-0.2 (-1.44%)

12:05
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SSR Mining call volume above normal and directionally bullish »

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ALDX

Aldeyra

$5.85

-1.23 (-17.37%)

12:02
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UNH

UnitedHealth

$249.06

-0.59 (-0.24%)

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RGS

Regis

$16.62

-1.15 (-6.47%)

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EQT

EQT Corporation

$14.36

-1.02 (-6.63%)

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ABBV

AbbVie

$66.64

-11.77 (-15.01%)

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USNA

Usana

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PYX

Pyxus

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AGN

Allergan

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34.34 (26.49%)

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ACST

Acasti Pharma

$1.03

0.02 (1.98%)

, AMRN

Amarin

$18.55

0.12 (0.65%)

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ACST

Acasti Pharma

$1.03

0.02 (1.98%)

AMRN

Amarin

$18.55

0.12 (0.65%)

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AMAT

Applied Materials

$42.33

(0.00%)

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ACER

Acer Therapeutics

$4.34

-14.83 (-77.36%)

11:52
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Downgrade
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KNX

Knight-Swift

$30.43

0.37 (1.23%)

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AMZN

Amazon.com

$1,890.97

-22.46 (-1.17%)

, MSFT

Microsoft

$134.89

-2.91 (-2.11%)

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MSFT

Microsoft

$134.89

-2.91 (-2.11%)

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WPX

WPX Energy

$11.01

-0.02 (-0.18%)

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