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Fly News Breaks for December 12, 2019
Dec 12, 2019 | 08:28 EDT
Morgan Stanley analyst Ravi Shanker estimates Amazon (AMZN) is delivering 46% of U.S. packages bought on its platform through Amazon Logistics, its in-house logistics operation, and he believes "AMZNL" is already shipping at a run rate of over 2.5B packages annually in the U.S. as of August. He also continues to believe that a Third-Party Logistics offering is coming from the e-commerce giant, Shanker tells investors. Contrary to what he views as the general investor perception that Amazon is still in the very early stages of building out its logistics network, Shanker thinks "the already large and quick ramp of AMZNL represent a large opportunity-loss" and competitive risk for the parcel carrying leaders. He lowered his price target on UPS (UPS) to $78 from $85 and keeps an Underweight rating on the shares while trimming his FedEx (FDX) target to $111 from $120 and maintaining an Equal Weight rating on the stock.
News For UPS;FDX;AMZN From the Last 2 Days
Feb 15, 2020 | 07:34 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. TEMPORARY JEDI WORK... To see the rest of the story go to See Story Here