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UPS

UPS

$116.06

0.76 (0.66%)

16:38
10/11/19
10/11
16:38
10/11/19
16:38

UPS files automatic mixed securities shelf

  • 22

    Oct

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    Oct

UPS UPS
$116.06

0.76 (0.66%)

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.
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.

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AVAV

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PSTG

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BOALY

Boral

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04:55
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Wedbush technology analyst to hold an analyst/industry webcast »

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j2 Global

$96.34

0.47 (0.49%)

04:55
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  • 16

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AUY

Yamana Gold

$3.19

-0.1 (-3.04%)

04:55
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  • 16

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SCS

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$18.15

0.29 (1.62%)

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  • 16

    Oct

TRVI

Trevi Therapeutics

$4.00

-0.55 (-12.09%)

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  • 16

    Oct

CHWY

Chewy

$26.80

1.03 (4.00%)

04:55
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  • 16

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MREO

Mereo BioPharma

$3.58

0.08 (2.29%)

04:55
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  • 16

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NXTC

NextCure

$26.93

-0.175 (-0.65%)

04:55
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  • 16

    Oct

PIRS

Pieris Pharmaceuticals

$3.22

0.01 (0.31%)

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  • 16

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FLGT

Fulgent Genetics

$11.14

0.09 (0.81%)

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ISEE

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$0.99

-0.0016 (-0.16%)

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  • 16

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TORC

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$6.89

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$33.93

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