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FDX

FedEx

$141.36

2.13 (1.53%)

06:01
10/11/19
10/11
06:01
10/11/19
06:01

FedEx price target lowered to $155 from $175 at Berenberg

Berenberg analyst William Howard lowered his price target for FedEx to $155 from $175 while keeping a Hold rating on the shares. Despite blaming its fourth profit warning in a year on global macroeconomics, it is clear that FedEx "is facing a cocktail of difficulties," Howard tells investors in a research note. These include the "grinding" integration of TNT Express, managing $900M of annualized lost revenue from Amazon, slowing industrial growth in the U.S., and the upcoming shift to seven-day delivery in its U.S. Ground business, says the analyst.

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FDX FedEx
$141.36

2.13 (1.53%)

09/23/19
LOOP
09/23/19
NO CHANGE
Target $200
LOOP
Buy
FedEx price target lowered to $200 from $220 at Loop Capital
Loop Capital analyst Rick Paterson lowered his price target on FedEx to $200, rolling forward his valuation model by one quarter through Q1 of 2022 while also lowering his FY20 EPS view by $2.30 to $12.39. The analyst also notes that investors have started to price in a poor upcoming quarter and sees the management's focus on the "last mile" in B2C e-commerce traffic discussed in the latest earnings calls as "jarring", since it is the "shortest,lightest, least dense, and lowest-margin parcel business." Paterson still maintains his Buy rating on FedEx, stating that by the time the "dust settles", the stock will be trading near a single-digit multiple on its expected 12-month earnings, which he considers to be too cheap for the "high quality of FedEx's air, ground, and LTL service and networks."
09/23/19
LOOP
09/23/19
NO CHANGE
Target $140
LOOP
Buy
UPS 'confident and optimistic' in discussion with investors, says Loop Capital
Loop Capital analyst Rick Paterson kept his Buy rating and $140 price target on UPS (UPS) after hosting its VP of Investor Relations Aldred Williams for an investor meeting. The analyst notes that the demand to see the company's presentation was high and its commentary was "consistent" with its outstanding guidance as well as "balanced, confident and optimistic in spite of the current macro headwinds", adding that the productivity from UPS's new automated Ground hubs is meeting expectations. Paterson further states that although the company is impacted by the China trade tensions similar to FedEx's (FDX) discussed headwinds, the management also reflected on the opportunities around intra-Asia trade, Asia to Europe shipments, and U.S. domestic Next Day Air offers.
10/09/19
BERN
10/09/19
DOWNGRADE
Target $153
BERN
Market Perform
FedEx downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst David Vernon downgraded FedEx to Market Perform from Outperform with a $153 price target.
10/09/19
10/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Domino's Pizza (DPZ) downgraded to Hold from Buy at Argus with analyst John Staszak citing its worse than expected Q3 revenue and earnings along with its new 2-3 year outlook of global retail sales growth of 7%-10% - down from its prior 3-5 year outlook of 8%-12% growth. 2. FedEx (FDX) downgraded to Market Perform from Outperform at Bernstein. 3. Waters (WAT) downgraded to Underweight from Equal Weight at Barclays with analyst Jack Meehan saying as leading indicators of the macro environment continue to weaken, he sees risk to the outlook for Waters' Industrial sales exposure. 4. iRobot (IRBT) downgraded to Underperform from Market Perform at Raymond James with analyst Brian Gesuale saying he thinks Street models aren't reflecting the beginning of a meaningful commoditization cycle across the RVC category. 5. Lincoln Electric (LECO) downgraded to Hold from Buy at Stifel with analyst Nathan Jones saying he still sees Lincoln Electric as "one of the highest quality businesses" in his coverage universe thanks to its strong management and leading technologies, but believes that the headwinds in the company's end market will limit the upside for investors in the near term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NFLX

Netflix

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2.59 (0.91%)

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MUX

McEwen Mining

$1.50

0.015 (1.01%)

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WLL

Whiting Petroleum

$6.65

-0.07 (-1.04%)

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IGLD

Internet Gold

$18.90

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STI

SunTrust

$68.28

0.23 (0.34%)

06:07
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Earnings
SunTrust reports Q3 EPS $1.34, consensus $1.41 »

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ERIC

Ericsson

$8.63

0.175 (2.07%)

06:07
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Conference/Events
Ericsson to host investor update conference call »

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UNTY

Unity Bancorp

$21.12

-0.45 (-2.09%)

06:06
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Breaking Earnings news story on Unity Bancorp »

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F

Ford

$9.06

-0.02 (-0.22%)

, AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

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F

Ford

$9.06

-0.02 (-0.22%)

AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

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CREE

Cree

$47.37

-1.38 (-2.83%)

06:06
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WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:04
10/17/19
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Earnings
WNS Holdings sees FY20 adjusted EPS $2.93-$3.08, consensus $2.88 »

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WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:03
10/17/19
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Earnings
WNS Holdings reports Q2 adjusted EPS 79c, consensus 67c »

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CMA

Comerica

$65.50

-1.505 (-2.25%)

06:02
10/17/19
10/17
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Downgrade
Comerica rating change  »

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FNB

F.N.B.

$12.02

0.09 (0.75%)

06:01
10/17/19
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Earnings
F.N.B. reports Q3 EPS 31c, consensus 29c »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:58
10/17/19
10/17
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05:58
General news
Boris Johnson announces 'great new' Brexit deal »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:55
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General news
European Commission President says Brexit deal has been reached »

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$298.46

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WEGRY

Weir Group

$0.00

(0.00%)

05:51
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SPHHF

Sophos Group

$0.00

(0.00%)

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Sophos Group rating change  »

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ASOMY

Asos

$0.00

(0.00%)

05:49
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BC

Brunswick

$55.47

0.46 (0.84%)

05:48
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Brunswick rating change  »

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  • 24

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BBT

BB&T

$53.00

0.25 (0.47%)

05:47
10/17/19
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Earnings
BB&T reports Q3 adj. EPS $1.07, consensus $1.03 »

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ASML

ASML

$254.52

-13.04 (-4.87%)

05:45
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ASML rating change  »

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  • 19

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PFBC

Preferred Bank

05:43
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05:43
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Preferred Bank rating change  »

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  • 06

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SAM

Boston Beer

$382.92

-4.92 (-1.27%)

05:41
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SBNY

Signature Bank

$118.68

-0.1 (-0.08%)

05:41
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Earnings
Signature Bank reports Q3 EPS $2.75, consensus $2.70 »

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NGG

National Grid

$57.08

0.305 (0.54%)

05:34
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