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UPS

UPS

$120.71

1.61 (1.35%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55

UPS management to meet with UBS

Meetings to be held in Brussels/London on September 23 hosted by UBS.

  • 23

    Sep

UPS UPS
$120.71

1.61 (1.35%)

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.
08/26/19
DAIW
08/26/19
UPGRADE
Target $130
DAIW
Outperform
UPS upgraded to Outperform from Neutral at Daiwa
Daiwa analyst Jairam Nathan upgraded UPS to Outperform from Neutral and increased its price target to $130 from $116 citing structural strength. Nathan said UPS's integrated network is better positioned to take advantage of the trend towards shorter delivery times and expects 2020 margin improvements from Smart Logistics and Transformation Plans as they take hold. The analyst trimmed his 2020 earnings estimate to $8.10 from $8.30 to reflect higher pension expense, but expanded his multiple to account for structural improvements.
09/18/19
MSCO
09/18/19
NO CHANGE
Target $120
MSCO
Equal Weight
Hard to see rebound for FedEx despite earnings at trough, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker previously believed it was too early to call a bottom for FedEx's (FDX) earnings, but he now thinks that its roughly 20% cut to its fiscal year guidance is big enough to finally call a potential bottom to earnings at the low end of the current outlook's range. However, there are still enough structural headwinds to keep earnings under pressure for a while and it is hard for him to see a path to a rebound, stating that "trough earnings alone is not a reason to buy the stock." Shanker, who is challenged to see a path to sustained growth in FY21+ for FedEx, keeps an Equal Weight rating on the stock and lowered his price target to $120 from $131. He also believes the read-across to UPS is negative given that the same cyclical pressures are at least partly applicable and he thinks the structural issues are more serious for UPS, on which Shanker keeps an Underweight rating.

TODAY'S FREE FLY STORIES

09:13
10/18/19
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Conference/Events
Federal Reserve Board of Governors Vice Chairman Clarida speaks on the economy »

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DPZ

Domino's Pizza

$256.49

0.465 (0.18%)

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SWM

Schweitzer-Mauduit

$37.64

1.2 (3.29%)

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SWM appoints Omar Hoek as EVP, engineered papers »

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MNRL

Brigham Minerals

$19.53

0.825 (4.41%)

09:09
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Brigham Minerals initiated  »

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AXP

American Express

$119.17

1.76 (1.50%)

, KO

Coca-Cola

$53.80

0.31 (0.58%)

09:09
10/18/19
10/18
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Hot Stocks
Fly Intel: Pre-market Movers »

UP AFTER EARNINGS:…

AXP

American Express

$119.17

1.76 (1.50%)

KO

Coca-Cola

$53.80

0.31 (0.58%)

SNAP

Snap

$13.78

0.11 (0.80%)

M

Macy's

$15.78

-0.01 (-0.06%)

LB

L Brands

$18.10

0.3 (1.69%)

GPS

Gap

$17.58

0.04 (0.23%)

SYF

Synchrony

$33.97

0.48 (1.43%)

SLB

Schlumberger

$31.90

-0.06 (-0.19%)

ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

STT

State Street

$59.71

0.57 (0.96%)

CSX

CSX

$69.78

0.79 (1.15%)

SXT

Sensient

$66.57

0.4 (0.60%)

GNTX

Gentex

$27.57

-0.01 (-0.04%)

03/08/13
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    Nov

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    Nov

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    Nov

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    Nov

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    Nov

  • 06

    Dec

BOCH

Bank of Commerce Holdings

$10.94

0.02 (0.18%)

09:09
10/18/19
10/18
09:09
10/18/19
09:09
Earnings
Bank of Commerce Holdings reports Q3 EPS 26c, two est. 24c »

Randall S. Eslick,…

03/08/13
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D

Dominion

$82.38

0.58 (0.71%)

09:09
10/18/19
10/18
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09:09
Hot Stocks
Dominion and Virginia partner for renewable energy in state facilities »

Dominion Energy and the…

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  • 01

    Nov

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    Nov

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    Nov

  • 12

    Nov

09:08
10/18/19
10/18
09:08
10/18/19
09:08
Conference/Events
Federal Reserve Bank of Minneapolis president participates in a summit »

Minneapolis Federal…

CCK

Crown Holdings

$67.48

3.98 (6.27%)

09:07
10/18/19
10/18
09:07
10/18/19
09:07
Recommendations
Crown Holdings analyst commentary  »

Crown Holdings price…

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CERN

Cerner

$68.11

-0.05 (-0.07%)

09:07
10/18/19
10/18
09:07
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09:07
Hot Stocks
Cerner to acquire IT consulting and engineering firm AbleVets »

Cerner announced a…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    Oct

EGBN

Eagle Bancorp

$43.20

0.67 (1.58%)

09:07
10/18/19
10/18
09:07
10/18/19
09:07
Downgrade
Eagle Bancorp rating change  »

Eagle Bancorp downgraded…

03/08/13
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  • 13

    Nov

EQH

AXA Equitable

$21.52

0.16 (0.75%)

, STI

SunTrust

$67.58

-0.7 (-1.03%)

09:05
10/18/19
10/18
09:05
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09:05
Hot Stocks
AXA Equitable appoints Stephanie Withers as chief auditor »

AXA Equitable (EQH)…

EQH

AXA Equitable

$21.52

0.16 (0.75%)

STI

SunTrust

$67.58

-0.7 (-1.03%)

03/08/13
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03/06/13
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  • 12

    Nov

ACU

Acme United

$19.50

-0.22 (-1.12%)

09:05
10/18/19
10/18
09:05
10/18/19
09:05
Earnings
Acme United sees FY19 EPS approx. $1.48, two est. $1.48 »

Previous guidance…

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  • 18

    Oct

09:05
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General news
U.S. equities are little changed, »

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09:05
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General news
Fedspeak highlights today's session wtih Kaplan, George, and VC Clarida »

Fedspeak highlights…

FRO

Frontline

$10.85

0.28 (2.65%)

, NAT

Nordic American Tankers

$3.95

-0.05 (-1.25%)

09:04
10/18/19
10/18
09:04
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09:04
Upgrade
Frontline, Nordic American Tankers, Euronav NV, Scorpio Tankers, Teekay Tankers rating change  »

Frontline, Nordic…

FRO

Frontline

$10.85

0.28 (2.65%)

NAT

Nordic American Tankers

$3.95

-0.05 (-1.25%)

EURN

Euronav NV

$11.04

0.345 (3.23%)

STNG

Scorpio Tankers

$35.53

0.29 (0.82%)

TNK

Teekay Tankers

$2.13

0.095 (4.67%)

03/08/13
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  • 29

    Oct

CMG

Chipotle

$828.09

5.28 (0.64%)

09:04
10/18/19
10/18
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Recommendations
Chipotle analyst commentary  »

Chipotle price target…

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  • 22

    Oct

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ACU

Acme United

$19.50

-0.22 (-1.12%)

09:03
10/18/19
10/18
09:03
10/18/19
09:03
Earnings
Acme United reports Q3 EPS 30c, two est. 28c »

Reports Q3 revenue $37M,…

03/08/13
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  • 18

    Oct

SON

Sonoco

$57.22

-1.05 (-1.80%)

09:03
10/18/19
10/18
09:03
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09:03
Upgrade
Sonoco rating change  »

Sonoco upgraded to Hold…

03/08/13
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09:02
10/18/19
10/18
09:02
10/18/19
09:02
Conference/Events
Morgan Stanley specialty pharma analyst to hold analyst/industry conference call »

Specialty Pharmaceuticals…

NVR

NVR

$3,768.86

72.73 (1.97%)

09:02
10/18/19
10/18
09:02
10/18/19
09:02
Earnings
NVR reports Q3 EPS $56.11, consensus $51.22 »

Reports Q3 revenue…

03/08/13
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03/06/13
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AMGN

Amgen

$203.60

0.32 (0.16%)

09:02
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Hot Stocks
Amgen announces FDA approval of sBLA for Nplate »

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  • 29

    Oct

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    Nov

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    Dec

AXP

American Express

$119.17

1.76 (1.50%)

08:59
10/18/19
10/18
08:59
10/18/19
08:59
Earnings
Breaking Earnings news story on American Express »

American Express sees Q4…

03/08/13
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  • 18

    Oct

  • 27

    Oct

  • 13

    Nov

  • 06

    Dec

KO

Coca-Cola

$53.80

0.31 (0.58%)

08:58
10/18/19
10/18
08:58
10/18/19
08:58
Hot Stocks
Coca-Cola says nearly 100% hedged on G10 currencies for 2020 »

Says has…

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  • 18

    Oct

KRC

Kilroy Realty

$78.31

0.21 (0.27%)

, HPP

Hudson Pacific

$33.63

0.22 (0.66%)

08:57
10/18/19
10/18
08:57
10/18/19
08:57
Recommendations
Kilroy Realty, Hudson Pacific analyst commentary  »

Hudson Pacific, Kilroy…

KRC

Kilroy Realty

$78.31

0.21 (0.27%)

HPP

Hudson Pacific

$33.63

0.22 (0.66%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Oct

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