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Fly News Breaks for January 31, 2020
UPS
Jan 31, 2020 | 08:50 EDT
BMO Capital analyst Fadi Chamoun lowered his price target on UPS to $115 and kept his Market Perform rating after its in-line Q4 results. The analyst notes that the company registered a positive operating leverage for the 3rd straight quarter and its international business "successfully navigated" the demand environment challenges. However, Chamoun sees weaker profitability in UPS's domestic operations with continued margin pressure coming from its ongoing investments to support e-commerce growth and rising pension costs.
News For UPS From the Last 2 Days
UPS
Apr 8, 2020 | 16:41 EDT
Stocks began the trading day with solid gains, then took a leg higher after Senator Bernie Sanders announced he will suspend his presidential campaign, clearing the way for Joe Biden to secure the Democratic nomination and set up a show down between the former Vice President and President Donald Trump. Later in the... To see the rest of the story go to thefly.com. See Story Here
UPS
Apr 8, 2020 | 12:27 EDT
Stocks began the trading day with solid gains and have taken a leg higher after Senator Bernie Sanders announced he will suspend his presidential campaign, clearing the way for Joe Biden to secure the Democratic nomination and set up a show down between the former Vice President and President Donald Trump. Outside of political... To see the rest of the story go to thefly.com. See Story Here
UPS
Apr 8, 2020 | 09:06 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Novavax (NVAX)... To see the rest of the story go to thefly.com. See Story Here
UPS
Apr 8, 2020 | 09:06 EDT
JPMorgan analyst Brian Ossenbeck expects shares of both FedEx (FDX) and UPS (UPS) to react favorably to the Wall Street Journal's report that Amazon (AMZN) is suspending its delivery service of non-Amazon packages beginning in June. The service branded "Amazon Shipping" was billed as a direct competitor for FedEx and UPS customers, Ossenbeck tells investors in a research note. However, the analyst's view of the Amazon threat to parcel carriers remains unchanged. The one most at risk still is the United States Postal Service, contends Ossenbeck. The analyst views the Journal's report as "slightly more positive" for FedEx considering it no longer ships for Amazon and was viewed as at risk for direct competition. UPS will also benefit on news its largest customer has suspended a competing service for non-Amazon volumes, but Amazon will continue to in-source its own deliveries over time, says Ossenbeck.
UPS
Apr 8, 2020 | 07:33 EDT
Wells Fargo analyst Allison Poliniak-Cusic lowered the firm's price target on UPS (UPS) to $121 from $141 and keeps an Overweight rating on the shares. The analyst believes that the stocks of both FedEx (FDX) and UPS have been hit with a near-term perfect storm over the past eight months, including reinvesting in their businesses through growth capex, while now also possessing the negative connotation of slowing global trade with COVID-19. Based on her analysis, both stocks are pricing in earnings declines of about 30%. Nonetheless, she does view them as well-positioned to benefit from the volume rebound and continues to view weakness in the shares as buying opportunities.