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UPS

UPS

$114.09

-1.68 (-1.45%)

09:08
08/15/19
08/15
09:08
08/15/19
09:08

UPS Ventures makes minority investment in autonomous driving firm TuSimple

UPS said its venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company TuSimple. Together, both companies are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. This is an extension of the ongoing commercial relationship between UPS and TuSimple in which UPS has purchased transportation services from TuSimple. The work with autonomous driving company TuSimple began with the goal of helping UPS better understand the requirements for Level 4 Autonomous trucking in its network. L4 Autonomous means the vehicle's onboard computer is in complete control at all times, eliminating manual intervention. Currently, however, laws regulating L4 Autonomous driving require a driver in the vehicle at all times to take over operation if needed. Throughout the ongoing tests, UPS has been providing truckloads of goods for TuSimple to carry on a North American Freight Forwarding route between Phoenix and Tucson, Arizona. The company initiated self-driving service in May, 2019, with a driver and engineer in the vehicle. TuSimple and UPS monitor distance and time the trucks travel autonomously, safety data and transport time.

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UPS UPS
$114.09

-1.68 (-1.45%)

07/25/19
07/25/19
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 Neutral at BofA/Merrill with analyst Ken Hoexter saying the "e-commerce revolution" continues to drive airfreight industry growth. 2. AT&T (T) upgraded to Neutral from Underperform at Credit Suisse with analyst Douglas Mitchelson saying he believes video subscriber losses peaked in Q2/Q3 and he does not see risk to consensus 2019 estimates. Additionally, AT&T's valuation is supported by its 6.1% dividend yield, said Mitchelson. 3. Freeport McMoRan (FCX) upgraded to Sector Perform from Underperform at RBC Capital with analyst Sam Crittenden saying he is turning more "cautiously optimistic" on copper heading into 2020 and believes the stock could follow that rally. 4. Activision Blizzard (ATVI) upgraded to Buy from Neutral at BofA/Merrill with analyst Ryan Gee saying the stock is on the "verge of inflection" after a period of investment in people and content set up its "potent" content slate. 5. Etsy (ETSY) upgraded to Buy from Neutral at BTIG with analyst Marvin Fong saying a number of new catalysts has led to a "meaningful" increase in its intrinsic value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/19
STFL
07/29/19
DOWNGRADE
Target $118
STFL
Hold
UPS downgraded to Hold from Buy at Stifel
Stifel analyst David Ross downgraded UPS to Hold from Buy with an unchanged price target of $118. With the shares now above his price target, the analyst prefers to move to the sidelines and wait for a better entry point. And given that UPS spoke on its earnings call of a challenging macro environment heading into year-end, its long-term initiatives will likely require extra investment in 2020 that could limit margin expansion and earnings growth next year, Ross tells investors in a research note.
07/29/19
07/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Outperform at Baird. 2. Dow Inc. (DOW) downgraded to Neutral from Positive at Susquehanna and to Neutral from Buy at Citi. 3. Dish (DISH) downgraded to Underweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying both Dish and T-Mobile (TMUS) "have a tricky transition path to wade through" following the Justice Department's approval of the latter's merger with Sprint (S). 4. RA Pharmaceuticals (RARX) double downgraded to Market Perform at Raymond James with analyst Steven Seedhouse saying shares are fairly valued given the company's "long, competitive road ahead." 5. UPS (UPS) downgraded to Hold from Buy at Stifel with analyst David Ross saying with the shares now above his price target, the analyst prefers to move to the sidelines and wait for a better entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/19
MSCO
08/08/19
NO CHANGE
MSCO
Equal Weight
Financial impact of Amazon break-up limited for FedEx, says Morgan Stanley
After various media sources indicated yesterday that FedEx (FDX) and Amazon (AMZN) each confirmed that they will not renew their ground-delivery contract, Morgan Stanley analyst Ravi Shanker said he thinks the financial impact to FedEx should be limited, but "the symbolic impact for Parcels is significant." One of the two largest e-commerce parcel delivery companies in the U.S. is no longer doing any business with the dominant e-commerce player, which "would have been unthinkable 5-7 years ago," wrote Shanker, who questions if UPS (UPS) cannot afford to similarly break up with Amazon given their outsized exposure to them as a customer. He also questions when Amazon's contract with UPS is up for renewal and what they will do when that happens given Amazon's recent history of suddenly pulling or not renewing deals, such as with FedEx and XPO Logistics (XPO). Shanker has an Equal Weight rating on FedEx and an Underweight rating on UPS.

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CTVA

Corteva

$30.25

1.84 (6.48%)

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FB

Facebook

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Accenture

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3.675 (1.94%)

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Facebook content moderation firm sought counseling details, The Intercept says »

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ACN

Accenture

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PROS

ProSight

$18.71

-0.5 (-2.60%)

06:23
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AAPL

Apple

$206.44

4.71 (2.33%)

06:23
08/19/19
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Apple CEO Cook has met Trump 'at least' 5 times in a year, BI reports »

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POL

PolyOne

$31.01

0.73 (2.41%)

06:21
08/19/19
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06:21
Earnings
PolyOne raises FY19 adj. EPS view to up 6%-8% from up 4%-6%, consensus $2.54 »

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AMZN

Amazon.com

$1,791.82

16.72 (0.94%)

06:20
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Amazon beats IRS appeal in U.S. tax dispute, Reuters reports »

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ARMK

Aramark

$37.07

-0.07 (-0.19%)

06:19
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06:19
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Aramark rating change  »

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AMGN

Amgen

$203.95

4.74 (2.38%)

06:19
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POL

PolyOne

$31.01

0.73 (2.41%)

06:18
08/19/19
08/19
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06:18
Hot Stocks
PolyOne to sell PP&S business to SK Capital Partners for $775M in cash »

PolyOne announced it has…

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CNHI

CNH Industrial

$8.82

0.18 (2.08%)

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ENLC

EnLink Midstream

$7.74

0.19 (2.52%)

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HEP

Holly Energy Partners

$27.48

0.31 (1.14%)

06:17
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NVS

Novartis

$89.46

0.91 (1.03%)

06:17
08/19/19
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Periodicals
Novartis to respond to demand for data manipulation details, Reuters says »

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GOOG

Alphabet

$1,176.94

9.48 (0.81%)

, GOOGL

Alphabet Class A

$1,178.69

9.68 (0.83%)

06:15
08/19/19
08/19
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06:15
Periodicals
Google cuts some Android phone data for wireless carriers, Reuters reports »

Google has shut down its…

GOOG

Alphabet

$1,176.94

9.48 (0.81%)

GOOGL

Alphabet Class A

$1,178.69

9.68 (0.83%)

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EWBC

East West Bancorp

$39.90

1.52 (3.96%)

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ARMK

Aramark

$37.07

-0.07 (-0.19%)

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SONO

Sonos

$11.90

0.22 (1.88%)

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VWAGY

Volkswagen

$0.00

(0.00%)

06:13
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Volkswagen, SEC ordered to seek settlement on fraud allegations, WSJ reports »

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WLL

Whiting Petroleum

$8.61

0.36 (4.36%)

06:12
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APD

Air Products

$228.77

2.32 (1.02%)

06:12
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08/19
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06:12
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Air Products rating change  »

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EADSY

Airbus

$0.00

(0.00%)

06:11
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Airbus using AI to save millions on finance tasks, WSj reports »

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CSTL

Castle Biosciences

$20.14

-0.56 (-2.71%)

06:10
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06:10
Initiation
Castle Biosciences initiated  »

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CSTL

Castle Biosciences

$20.14

-0.56 (-2.71%)

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WE

We Company

$0.00

(0.00%)

06:08
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Hundreds of landlords exposed to WeWork via rental commitments, FT says »

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PDS

Precision Drilling

$1.10

(0.00%)

06:05
08/19/19
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06:05
Hot Stocks
Precision Drilling sees FY20 CapEx C$60M-C$80M »

Precision's…

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