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FDX

FedEx

$178.05

-1.51 (-0.84%)

08:24
05/13/19
05/13
08:24
05/13/19
08:24

Recent FedEx weakness creates buying opportunity, says Cowen

Cowen analyst Helane Becker says the recent weakness in FedEx shares creates a buying opportunity, telling investors in a research note that she believes FedEx will see improving margins over the next few years as it benefits from cost reductions in the business. Becker expects FedEx to offer a voluntary retirement program to international employees this year and adds that it is seeing strong retail and e-commerce business, but weaker trends in industrial production. She maintains an Outperform rating and $230 price target.

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FDX FedEx
$178.05

-1.51 (-0.84%)

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
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Hold from Buy at Berenberg with analyst Joel Spungin saying his in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." 2. Wells Fargo (WFC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying "it's tough to sail a ship without a captain." 3. comScore (SCOR) downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Loop Capital and SunTrust. 4. Kinder Morgan (KMI) and Oneok (OKE) downgraded to Hold from Buy at Jefferies. 5. Lennar (LEN) downgraded to Outperform from Strong Buy at Raymond James with analyst Buck Horne saying he remains constructive on Lennar's overall outlook, but is moderating his rating citing valuation following last weeks Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/26/19
UBSW
04/26/19
DOWNGRADE
UBSW
Sell
FedEx downgraded to Sell from Neutral at UBS
04/26/19
04/26/19
DOWNGRADE
Target $161

Sell
FedEx downgraded to Sell from Neutral at UBS
As previously reported, UBS analyst Thomas Wadewitz downgraded FedEx to Sell and lowered his price target to $161 from $171. The analyst says that the stock is still up 17% year-to-date after falling 4.5% yesterday and sees risk/reward on the shares as "negative", with risk to its earnings from Ground margin compression and Express Europe / TNT integration challenges that are "likely to persist."

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ULTA

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NSRGY

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MXIM

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GLD

SPDR Gold Shares

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AUMN

Golden Minerals

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0.0159 (6.38%)

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DMPI

DelMar Pharmaceuticals

$0.77

0.0047 (0.61%)

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RTN

Raytheon

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17:22
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UHAL

Amerco

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

17:20
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GD

General Dynamics

$183.42

-4.19 (-2.23%)

17:19
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General Dynamics awarded $1.08B Navy contract modification »

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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

17:17
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Stonepine Capital reports 6.1% passive stake in Novelion Therapeutics »

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
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Lockheed Martin awarded $2.43B Navy contract modification »

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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

17:14
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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
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Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
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17:08
General News
Trump to raises tariff rates on Chinese goods, CNBC says »

U.S. President Donald…

SPX

S&P 500

$0.00

(0.00%)

SPY

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$284.86

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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
08/23/19
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17:06
Hot Stocks
Attis Industries provides update on status of Nasdaq listing »

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