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FDX

FedEx

$159.42

-2.37 (-1.46%)

, AMZN

Amazon.com

$1,864.24

2.98 (0.16%)

07:58
06/12/19
06/12
07:58
06/12/19
07:58

FedEx price target lowered to $190 from $215 at KeyBanc

KeyBanc analyst Todd Fowler lowered his price target for FedEx (FDX) to $190 from $215 ahead of Q4 to reflect trade uncertainty and some impact of the non-renewal of the U.S. domestic Express contract with Amazon (AMZN), partially offset by improved Ground margins, voluntary buyout benefits, and modest Freight contribution. The analyst reiterates an Overweight rating on the shares.

FDX

FedEx

$159.42

-2.37 (-1.46%)

AMZN

Amazon.com

$1,864.24

2.98 (0.16%)

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FDX FedEx
$159.42

-2.37 (-1.46%)

05/17/19
MSCO
05/17/19
NO CHANGE
Target $148
MSCO
Equal Weight
Morgan Stanley sees 80% odds of FedEx trading down after earnings, guidance
Morgan Stanley analyst Ravi Shanker is cautious on FedEx shares ahead of the company's Q4 report on June 25, along with which he believes the company is likely to issue FY20 guidance. Though the Q4 results "will be important," Shankar, who is expecting a miss, believes the stock will most likely react to guidance. He puts 50% odds that the company issues FY20 EPS guidance of about $16 ex-TNT costs, which compares to current consensus of $16.76. In this scenario, Shankar sees about 7% downside for the stock. He sees a 30% chance of FY20 EPS guidance of close to $15, in which case he sees about 13% downside for FedEx shares. Shanker attributes 20% odds that FedEx issues FY20 EPS guidance of close to $17, in which case he predicts about 4% upside to see the stock trade near $180 per share. Ahead of the report, Shanker keeps an Equal Weight rating and $148 price target on FedEx shares.
06/07/19
SBSH
06/07/19
NO CHANGE
SBSH
FedEx decision could mark 'beginning of the end' with Amazon, says Citi
Citi analyst Christian Wetherbee said FedEx's (FDX) strategic decision to not renew its domestic Express contract with Amazon (AMZN) will likely have an immaterial financial impact, given that the companies still will do other business and he assumes Amazon is a below-average margin customer. However, the "fairly bold pronouncement" from FedEx "could mark the beginning of the end" with Amazon, which he believes FedEx views as a long-term threat, Wetherbee tells investors. He sees the news as a positive strategic decision for FedEx, and does not expect a materially negative reaction in the shares, though it could add "further messiness" to guidance, the analyst added. In late day trading, FedEx shares are up 1% to $158.39.
06/10/19
BERN
06/10/19
NO CHANGE
BERN
Not the first time FedEx declines to provide service to Amazon, says Bernstein
Bernstein analyst David Vernon notes that FedEx (FDX) announced that it would not be renewing its U.S. Express contract with Amazon (AMZN). The analyst believes the majority of FedEx's revenue with Amazon was tied up in the deferred air network within Express, and the loss of this business could create a $700-750M hole in the day network. On the other hand, FedEx stock is sensitive to Amazon headlines, and removing the volume partially mitigates this risk as it removes the speculation about how much of FedEx's revenue is or is not from Amazon, he contends. Vernon also thinks the failure to reach commercial terms on this contract is as much about what FedEx will accept economically as it is about what Amazon wants to do with its supply chain. This is not the first time that FedEx has declined to provide service to Amazon, as it previously walked away from what Amazon was asking the company to do with the SmartPost in Ground, he adds.
06/11/19
FBCO
06/11/19
NO CHANGE
Target $184
FBCO
Outperform
FedEx price target lowered to $184 from $241 at Credit Suisse
Credit Suisse analyst Allison Landry lowered his price target for FedEx (FDX) to $184 from $241 in light of the deceleration in the U.S. and global macro and temporary volume and cost headwinds, including 7-day Ground and non-renewal of the Amazon (AMZN) Domestic Express contract. The analyst reiterates an Outperform rating on FedEx shares.
AMZN Amazon.com
$1,864.24

2.98 (0.16%)

06/12/19
MZHO
06/12/19
NO CHANGE
Target $100
MZHO
Buy
GrubHub likely an attractive takeover target for Amazon, says Mizuho
Mizuho analyst Jeremy Scott says the Wall Street Journal's report that Amazon.com (AMZN) is dropping its restaurant delivery platform in the U.S. underscores his view that the market will eventually consolidate to two-to-three players. The shuttering of the platform doesn't necessarily mean that Amazon won't eventually invest in the space, but it at least temporarily removes the "existential threat of an aggressive organic expansion" and, in turn, positions the company as a potential acquirer, Scott told investors yesterday in a research note. He believes Amazon's recent investment in U.K. delivery company Deliveroo signals the company continues to actively participate in the space. Grubhub (GRUB) is likely an attractive takeover target, says Scott. However, the analyst continues to believe there are more effective combinations for Grubhub that can better enable the company to "carve an inside track of restaurant-centric, enterprise solutions." He keeps a Buy rating on Grubhub shares with a $100 price target. The stock closed yesterday up 8%, or $5.33, to $70.06.
06/12/19
WEDB
06/12/19
NO CHANGE
Target $100
WEDB
Outperform
GrubHub best positioned amid Amazon Restaurants shutdown, says Wedbush
Wedbush analyst Ygal Arounian notes that Amazon (AMZN) announced that it will shut down Amazon Restaurants in the U.S., which he views as further evidence that rationality is creeping into the U.S. 3P food takeout market. The analyst sees GrubHub (GRUB) as the best positioned to maintain/regain strength in this environment, as it is the only U.S. third-party takeout provider that is profitable and has always been rational in only adding LTV positive customers. Arounian reiterates an Outperform rating and $100 price target on GrubHub's shares, but adds that he sees "significant room" for multiple expansion if investors regain confidence in this sector.
06/12/19
WEDB
06/12/19
NO CHANGE
Target $155
WEDB
Outperform
Microsoft momentum not slowing down, says Wedbush
Wedbush analyst Daniel Ives believes Microsoft (MSFT) remains in an "enviable position" heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. So far in the June quarter the analyst is seeing a "clear acceleration" of larger and more strategic enterprise cloud deals as believes "Redmond is poised to win the lion's share" of the next phase of cloud deployments versus Amazon (AMZN). The shift to cloud is a major secular trend that is significantly benefiting Microsoft in the field and should continue its momentum heading into the next 12-18 months, he contends. Ives reiterates an Outperform rating and $155 price target on Microsoft's shares.
06/12/19
BOFA
06/12/19
NO CHANGE
Target $108
BOFA
Buy
Less competition for GrubHub amid Amazon Restaurants exit, says BofA/Merrill
Amazon's (AMZN) discontinuation of its U.S. restaurant delivery service removes the threat to GrubHub (GRUB) of Amazon expanding its online food delivery business organically, BofA/Merrill analyst Nat Schindler tells investors in a research note. Schindler notes that online food delivery is a large, fragmented, and rapidly evolving market with significant capital infusion from public and private investors, and Amazon may be shifting from "build" to "partner or buy" in this market. The analyst contends that while GrubHub has lost some market share recently, he sees growth as healthy overall, and says the disconnect between rising private valuations and recent declines in GrubHub's market cap may create an opportunity.

TODAY'S FREE FLY STORIES

VTR

Ventas

$69.65

1.05 (1.53%)

21:28
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AAPL

Apple

$197.87

-0.65 (-0.33%)

21:22
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DELL

Dell Technologies

$53.39

1.88 (3.65%)

21:22
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Initiation
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HPQ

HP Inc.

$20.63

0.1 (0.49%)

21:21
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Initiation
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GNCA

Genocea

$3.84

-1.32 (-25.58%)

21:18
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Syndicate
Genocea 10M share Secondary priced at $3.50 »

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PSNL

Personalis

$0.00

(0.00%)

21:15
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Syndicate
Personalis 7.922M share IPO priced at $17.00 »

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CYRX

Cryoport

$18.62

-0.08 (-0.43%)

21:13
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Syndicate
Cryoport 3.75M share Spot Secondary priced at $17.00 »

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VTR

Ventas

$69.65

1.05 (1.53%)

20:41
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20:41
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20:41
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HSY

Hershey

$137.94

-0.29 (-0.21%)

20:27
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20:27
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Hershey rating change at Piper Jaffray »

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KR

Kroger

$23.64

-0.3 (-1.25%)

, DRI

Darden

$117.55

-0.39 (-0.33%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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KR

Kroger

$23.64

-0.3 (-1.25%)

DRI

Darden

$117.55

-0.39 (-0.33%)

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DAL

Delta Air Lines

$56.38

0.33 (0.59%)

20:08
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20:08
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20:08
Periodicals
Breaking Periodicals news story on Delta Air Lines »

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  • 20

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SPY

SPDR S&P 500 ETF Trust

$293.02

0.69 (0.24%)

, SPX

S&P 500

$0.00

(0.00%)

20:00
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06/19
20:00
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20:00
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$293.02

0.69 (0.24%)

SPX

S&P 500

$0.00

(0.00%)

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ARZGY

Generali

$0.00

(0.00%)

19:22
06/19/19
06/19
19:22
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19:22
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Generali rating change at JPMorgan »

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GO

Grocery Outlet

$0.00

(0.00%)

19:00
06/19/19
06/19
19:00
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19:00
Syndicate
Grocery Outlet 17.19M share IPO priced at $22.00 »

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WIX

Wix.com

$145.83

1.19 (0.82%)

18:57
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Hot Stocks
Wix.com CEO: Q1 was very good for us »

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AOBC

American Outdoor Brands

$9.17

0.13 (1.44%)

, ORCL

Oracle

$52.69

-0.19 (-0.36%)

18:44
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Fly Intel: After Hours Movers »

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AOBC

American Outdoor Brands

$9.17

0.13 (1.44%)

ORCL

Oracle

$52.69

-0.19 (-0.36%)

JSYN

Jensyn Acquisition

$5.00

-5.02 (-50.10%)

ABEO

Abeona Therapeutics

$4.90

-0.09 (-1.80%)

PIR

Pier 1 Imports

$0.67

-0.0059 (-0.87%)

SCS

Steelcase

$17.80

0.235 (1.34%)

LAND

Gladstone Land

$12.29

0.39 (3.28%)

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TMUS

T-Mobile

$78.28

1.79 (2.34%)

, S

Sprint

$7.46

0.24 (3.32%)

18:39
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Periodicals
T-Mobile readies for Boost auction if Dish talks fall through, Reuters says »

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TMUS

T-Mobile

$78.28

1.79 (2.34%)

S

Sprint

$7.46

0.24 (3.32%)

DISH

Dish

$38.90

-0.18 (-0.46%)

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ZBRA

Zebra Technologies

$200.57

-1.1 (-0.55%)

18:39
06/19/19
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18:39
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18:39
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Zebra Technologies Chief of Product sells 5K shares of common stock »

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ZBRA

Zebra Technologies

$200.57

-1.1 (-0.55%)

18:23
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18:23
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18:23
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Zebra Technologies CEO sells 20K shares of common stock »

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UNH

UnitedHealth

$250.25

4.6 (1.87%)

, DVA

DaVita

$51.27

1.51 (3.03%)

18:13
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FTC approves UnitedHealth's acquisition of DaVita Medical with conditions »

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UNH

UnitedHealth

$250.25

4.6 (1.87%)

DVA

DaVita

$51.27

1.51 (3.03%)

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  • 18

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SRRK

Scholar Rock

$17.11

-2.835 (-14.21%)

18:11
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Scholar Rock 3M share Secondary priced at $15.00 »

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QDEL

Quidel

$58.80

1.7 (2.98%)

18:01
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18:01
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Quidel receives 510k clearance for Triage TOX Drug Screen »

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DELL

Dell Technologies

$53.39

1.88 (3.65%)

, HPQ

HP Inc.

$20.63

0.1 (0.49%)

17:59
06/19/19
06/19
17:59
06/19/19
17:59
Periodicals
Dell, HP, Intel, Microsoft express opposition to Trump tariffs, Bloomberg says »

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DELL

Dell Technologies

$53.39

1.88 (3.65%)

HPQ

HP Inc.

$20.63

0.1 (0.49%)

INTC

Intel

$47.08

-0.29 (-0.61%)

MSFT

Microsoft

$135.63

0.43 (0.32%)

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

17:54
06/19/19
06/19
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17:54
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Oracle says 20% of Autonomous Database customers new to company »

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  • 19

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CB

Chubb

$149.48

1.37 (0.92%)

17:54
06/19/19
06/19
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17:54
Hot Stocks
Chubb CEO sells 215.6K shares of common stock »

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