Breaking News Instant updates and real-time market news.

JBHT

J.B. Hunt

$87.57

-1.29 (-1.45%)

, XPO

XPO Logistics

$54.64

-0.365 (-0.66%)

07:11
07/11/19
07/11
07:11
07/11/19
07:11

Deutsche makes sell 'Catalyst Call' on J.B. Hunt, buy on XPO and Knight-Swift

Deutsche Bank analyst Amit Mehrotra initiated a "Catalyst Call" sell on J.B. Hunt (JBHT) and buys on both XPO Logistics (XPO) and Knight-Swift Transportation (KNX). The analyst made the short-term investment ideas into the Q2 earnings season. He thinks J.B. Hunt's results could serve as a catalyst for "broad-based" negative earnings revision for the company. For XPO, Mehrotra believes the company's Q2 results will mark a positive inflection point in sentiment. For Knight-Swift, the analyst thinks consensus estimates for Q4 are too low.

JBHT

J.B. Hunt

$87.57

-1.29 (-1.45%)

XPO

XPO Logistics

$54.64

-0.365 (-0.66%)

KNX

Knight-Swift

$31.65

-1.405 (-4.25%)

  • 15

    Jul

  • 02

    Aug

  • 26

    Aug

  • 13

    Nov

JBHT J.B. Hunt
$87.57

-1.29 (-1.45%)

06/18/19
06/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. InterContinental (IHG) downgraded to Underweight from Equal Weight at Barclays with analyst Vicki Stern stating downside risks from a macroeconomic slowdown are not reflected in the stock at current valuation levels. 2. Freshpet (FRPT) downgraded to Hold from Buy at SunTrust with analyst William Chappell saying his positive view of the company's fundamental story and outlook have not changed, but he cannot recommend for new investors to buy the stock at its current levels. 3. Regeneron (REGN) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg noting that while the company has a "strong pipeline" with new recent indications for multiple products, its primary revenue driver Eylea is facing several competitive threats. 4. Oracle (ORCL) downgraded to Neutral from Outperform at Macquarie with analyst Sarah Hindlian telling investors that her checks suggest that closing the fourth quarter "was a struggle," with partners saying they had to rush to discount orders up until the final days. 5. J.B. Hunt (JBHT) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz citing his increasing conviction that after a period of strong freight and unusually strong pricing in 2018, the downturn in freight will persist through 2019 amid "falling truckload and intermodal contract rates" for 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
GSCO
07/10/19
INITIATION
Target $113
GSCO
Buy
J.B. Hunt initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Jordan Alliger started J.B. Hunt with a Buy rating and a $113 price target. The analyst notes that while the company is faced with "significant headwinds" in its main intermodal business, he also sees the "adverse trends" that impacted profits in 2019 reversing through 2020. Alliger contends that J.B. Hunt could be at the "forefront" of turnaround stories in the Air Freight & Logistics industry.
07/10/19
07/10/19
DOWNGRADE

Hold
CSX, Canadian Pacific downgraded to Hold from Buy at Loop Capital
As previously reported, Loop Capital analyst Rick Paterson downgraded CSX (CSX) and Canadian Pacific (CP) to Hold from Buy as part of a broader Air Freight & Logistics industry research note, saying the freight transportation data continue to indicate a slowing in the industrial economy. The analyst cites volumes registering a second consecutive quarter of negative growth relative to their prior years, with the most recent quarter also declining sequentially from the prior one and the upcoming quarter likely remaining pressured by the tough annual comps. The analyst also lowers his price targets on Canadian Pacific to C$338 from C$340, CSX to $81 from $85 while also reducing the price targets on UPS (UPS) to $128 from $145, J.B. Hunt (JBHT) to $121 from $133, and Hub Group (HUBG) to $65 from $71.
07/11/19
FBCO
07/11/19
DOWNGRADE
FBCO
Neutral
J.B. Hunt downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Allison Landry downgraded J.B. Hunt to Neutral from Outperform saying that with a weakening demand backdrop, contract TL rates that are turning negative, and anecdotal evidence that suggests capacity remains relatively loose, she sees fairly meaningful risk to the second half of 2019 and 2020 EPS for the asset based truckers.
XPO XPO Logistics
$54.64

-0.365 (-0.66%)

05/02/19
LEHM
05/02/19
NO CHANGE
Target $70
LEHM
Overweight
XPO Logistics price target raised to $70 from $65 at Barclays
Barclays analyst Brandon Oglenski raised his price target for XPO Logistics to $70 from $65 and keeps an Overweight rating on the shares following the company's Q1 results. XPO's results were a bit softer than expected after accounting for asset sale gains, which is likely benefited the U.S. Less-Than-Truckload business, Oglenski tells investors in a research note. He thinks investors will initially be disappointed with results, especially considering the nearly 6% EBITDA boost from asset sales. However, the market should keep in mind the over 3% of headwind from currency and roughly 2% each from weather disruption and impairments, says the analyst. As such, overwhelming, Oglenski views the quarter as mostly inline.
05/06/19
OPCO
05/06/19
NO CHANGE
Target $73
OPCO
Outperform
XPO Logistics price target raised to $73 from $65 at Oppenheimer
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $73 from $65 given a favorable view of its risk/reward profile and as he continues to view XPO as "undervalued," primarily on adverse sentiment following unfortunate issues/headlines impacting the second half of 2018 into 2019. The analyst appreciates XPO's aggressive share repurchase activity and remains optimistic it's pacing toward his maintained 2019 $1.65B adjusted EBITDA. Schneeberger reiterates an Outperform rating on the shares.
04/22/19
DBAB
04/22/19
NO CHANGE
DBAB
Buy
Deutsche Bank sees positive developments in XPO proxy filing
Deutsche Bank analyst Amit Mehrotra views the reduced share count and "High Growth Incentive Award" disclosed in a proxy filing this morning by XPO Logistics as positive developments. XPO disclosed that its basic shares outstanding was 92.2M as of April 12, about 15% lower than the last disclosure at February 8, which shows management has taken "significant advantage" of the recent selloff, Mehrotra tells investors in a research note. The analyst views the buybacks as a "positive/bullish signal" and keeps a Buy rating on XPO Logistics. The stock in midday trading is up 52c to $66.55.
05/02/19
DBAB
05/02/19
NO CHANGE
DBAB
Buy
XPO reported good results relative to expectations, says Deutsche Bank
Deutsche Bank analyst Amit Mehrotra says XPO Logistics reported good Q1 results relative to expectations. The company deployed $1.9B of capital towards share repurchase from mid-December through the end of April, at an average share price that is over 20% below current levels, Mehrotra tells investors in a post-earnings research note. He believes this "aggressive" capital allocation decision should generate "significant" equity value in the context of maintained full year guidance. After speaking to management, Mehrotra is more positive on the "most critical element of the outlook for shares," XPO's cash flow. However, he's a "bit disappointed" with the underlying operating performance at the company's LTL segment. The analyst keeps a Buy rating on XPO Logistics.
KNX Knight-Swift
$31.65

-1.405 (-4.25%)

01/22/19
WOLF
01/22/19
DOWNGRADE
WOLF
Peer Perform
Knight-Swift downgraded to Peer Perform from Outperform at Wolfe Research
04/30/19
BARD
04/30/19
NO CHANGE
BARD
Amazon freight launch an overhang on domestic U.S. brokers, says Baird
Baird analyst Benjamin Hartford noted that incumbent U.S. truck brokers such as C.H. Robinson (CHRW) and Landstar System (LSTR) underperformed U.S. asset-based transports yesterday after it came to light that Amazon (AMZN) launched its website, freight.amazon.com, related to its truck brokerage service. He views this reaction to be the correct read by the market, as he sees asset-based carriers with emerging logistics capabilities - like Knight-Swift (KNX), Schneider National (SNDR), J.B. Hunt (JBHT) and Werner (WERN) - being strategically better positioned to weather the risk of gross margin compression from full truckload services being offered by Amazon, Hartford tells investors. Hartford has Neutral ratings on both C.H. Robinson and Landstar.
03/05/19
MSCO
03/05/19
UPGRADE
Target $25
MSCO
Equal Weight
Echo Global upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Ravi Shanker upgraded Echo Global (ECHO) to Equal Weight and raised his price target to $25 from $22 as part of his broader research note recommending that investors buy Truck Load names. The analyst contends that the behavior of the industry over the past 6 months suggests a "potential structural bull case of rates re-basing higher" and expects the industry multiples to re-rate higher as well. Shanker anticipates 25%-50% upside to Truck Load stocks from their current levels. Outside of Echo Global, the analyst also highlights Knight Swift (KNX), Schneider National (SNDR), Werner Enterprises (WERN), and U.S. Xpress Enterprises (USX) as his "top picks" in the Freight Transportation sector, saying they trade "below trough valuation" despite better than expected 2019 guidance.
02/01/19
LOOP
02/01/19
NO CHANGE
LOOP
Loop Capital says take advantage of pullback in Knight-Swift
Loop Capital analyst Jeffrey Kauffman reaffirmed a Buy rating and $47 price target on Knight-Swift shares after the company reported better-than-expected Q4 results driven by strong margin improvement, which the analyst believes demonstrates that management "seems to be getting their hands around the former Swift business." Kauffman said he believes "investors are being given the opportunity to take advantage of a pullback in the stock."

TODAY'S FREE FLY STORIES

GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
07/18/19
07/18
17:33
07/18/19
17:33
Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

This is the highest level…

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

See Street Research during your Free Trial

WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
07/18
17:29
07/18/19
17:29
Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

Reports Q2 revenue…

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

See Street Research during your Free Trial

  • 19

    Jul

  • 06

    Aug

ENB

Enbridge

$36.29

0.17 (0.47%)

17:22
07/18/19
07/18
17:22
07/18/19
17:22
Initiation
Enbridge initiated  »

Enbridge initiated with a…

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

See Street Research during your Free Trial

  • 02

    Aug

SEAS

SeaWorld

$33.81

0.38 (1.14%)

17:21
07/18/19
07/18
17:21
07/18/19
17:21
Periodicals
Travel company Virgin Holidays will end selling tickets to SeaWorld, Sun says »

According to the Sun, …

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

See Street Research during your Free Trial

  • 06

    Aug

IEP

Icahn Enterprises

$75.06

-0.14 (-0.19%)

17:20
07/18/19
07/18
17:20
07/18/19
17:20
Syndicate
Breaking Syndicate news story on Icahn Enterprises »

Icahn Enterprises files…

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

See Street Research during your Free Trial

RICK

RCI Hospitality

$16.80

0.08 (0.48%)

17:13
07/18/19
07/18
17:13
07/18/19
17:13
Hot Stocks
RCI Hospitality auditor BDO resigns, company files Nasdaq compliance plan »

RCI Hospitality announced…

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

See Street Research during your Free Trial

BEDU

Bright Scholar

$9.60

-0.06 (-0.62%)

17:03
07/18/19
07/18
17:03
07/18/19
17:03
Earnings
Bright Scholar reports Q3 EPS 16c, two estimates 21c »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 19

    Jul

ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:03
07/18/19
07/18
17:03
07/18/19
17:03
Hot Stocks
Intuitive Surgical refines FY19 procedure growth view to 16%-17% from 15%-17% »

Still sees FY19 tax rate…

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

See Street Research during your Free Trial

  • 18

    Jul

  • 26

    Aug

  • 09

    Sep

CUB

Cubic

$66.59

-0.37 (-0.55%)

17:01
07/18/19
07/18
17:01
07/18/19
17:01
Hot Stocks
Cubic receives extension on simulation services contract in Australia »

Cubic Corporation…

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

See Street Research during your Free Trial

CLRO

ClearOne

$2.27

(0.00%)

16:52
07/18/19
07/18
16:52
07/18/19
16:52
Hot Stocks
Shure files patent infringement suit against ClearOne »

Shure announced that it…

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

See Street Research during your Free Trial

ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

16:50
07/18/19
07/18
16:50
07/18/19
16:50
Hot Stocks
Intuitive Surgical says 74% of systems placed in Q2 were da Vinci XIs »

Says team has done a nice…

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

See Street Research during your Free Trial

  • 18

    Jul

  • 26

    Aug

  • 09

    Sep

ETN

Eaton

$79.03

-0.36 (-0.45%)

16:49
07/18/19
07/18
16:49
07/18/19
16:49
Hot Stocks
Eaton acquires Innovative Switchgear Solutions »

Eaton announced it has…

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

See Street Research during your Free Trial

  • 30

    Jul

ZNGA

Zynga

$6.30

0.07 (1.12%)

16:47
07/18/19
07/18
16:47
07/18/19
16:47
Hot Stocks
Zynga to expand India market with larger space in 'central hub' Bengaluru »

Earlier on Thursday,…

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

See Street Research during your Free Trial

  • 31

    Jul

  • 13

    Nov

FNF

Fidelity National

$42.65

-0.045 (-0.11%)

16:43
07/18/19
07/18
16:43
07/18/19
16:43
Recommendations
Fidelity National analyst commentary at Keefe Bruyette »

Fidelity National price…

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

See Street Research during your Free Trial

  • 01

    Aug

  • 13

    Nov

AIG

AIG

$55.58

0.2 (0.36%)

16:43
07/18/19
07/18
16:43
07/18/19
16:43
Upgrade
AIG rating change at William Blair »

AIG upgraded to…

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

See Street Research during your Free Trial

  • 08

    Aug

GOGL

Golden Ocean

$6.63

0.08 (1.22%)

16:42
07/18/19
07/18
16:42
07/18/19
16:42
Syndicate
Breaking Syndicate news story on Golden Ocean »

Golden Ocean files $400M…

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

See Street Research during your Free Trial

BA

Boeing

$361.17

-8.28 (-2.24%)

16:38
07/18/19
07/18
16:38
07/18/19
16:38
Hot Stocks
Breaking Hot Stocks news story on Boeing »

Boeing up over 1% at $366…

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

See Street Research during your Free Trial

  • 24

    Jul

ORCC

Owl Rock

$15.40

(0.00%)

16:38
07/18/19
07/18
16:38
07/18/19
16:38
Initiation
Owl Rock initiated at Compass Point »

Owl Rock initiated with a…

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

See Street Research during your Free Trial

  • 18

    Jul

FFBC

First Financial Bancorp

$23.90

0.51 (2.18%)

16:37
07/18/19
07/18
16:37
07/18/19
16:37
Hot Stocks
First Financial Bancorp increases dividend 1c to 23c per share »

First Financial Bancorp…

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

See Street Research during your Free Trial

  • 19

    Jul

KSANF

Kansai Paint

$0.00

(0.00%)

, PPG

PPG

$117.00

0.395 (0.34%)

16:37
07/18/19
07/18
16:37
07/18/19
16:37
Periodicals
Axalta Coating interests rivals PPG and Kansai Paint, Bloomberg reports »

Axalta Coating (AXTA) has…

KSANF

Kansai Paint

$0.00

(0.00%)

PPG

PPG

$117.00

0.395 (0.34%)

AKZOY

AkzoNobel

$0.00

(0.00%)

AXTA

Axalta Coating

$30.40

0.175 (0.58%)

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

See Street Research during your Free Trial

  • 18

    Jul

  • 24

    Jul

  • 25

    Jul

  • 05

    Aug

GBCI

Glacier Bancorp

$38.75

0.12 (0.31%)

16:36
07/18/19
07/18
16:36
07/18/19
16:36
Earnings
Glacier Bancorp reports Q2 EPS 61c, consensus 59c »

Reports Q2 loan loss…

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

See Street Research during your Free Trial

  • 19

    Jul

  • 19

    Aug

AA

Alcoa

$23.42

0.27 (1.17%)

16:35
07/18/19
07/18
16:35
07/18/19
16:35
Downgrade
Jefferies downgrades Alcoa to Hold, cuts price target to $23 from $29 »

Jefferies analyst…

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

See Street Research during your Free Trial

  • 16

    Oct

BA

Boeing

$361.17

-8.28 (-2.24%)

16:35
07/18/19
07/18
16:35
07/18/19
16:35
Hot Stocks
Boeing says will issue new FY19 guidance at future date »

Boeing states that its…

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

See Street Research during your Free Trial

  • 24

    Jul

SEM

Select Medical

$15.65

0.105 (0.68%)

16:33
07/18/19
07/18
16:33
07/18/19
16:33
Earnings
Select Medical sees Q2 ops revenue $1.36B-$1.362B, consensus $1.35B »

As previously disclosed,…

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

See Street Research during your Free Trial

  • 02

    Aug

  • 14

    Aug

BA

Boeing

$361.17

-8.28 (-2.24%)

16:33
07/18/19
07/18
16:33
07/18/19
16:33
Hot Stocks
Boeing to record $4.9B or $8.74 per share Q2 charge on 737Max grounding »

Boeing will record an…

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

See Street Research during your Free Trial

  • 24

    Jul

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.