Fly News Breaks for September 10, 2015
Sep 10, 2015 | 09:06 EDT
Stephens analyst Jack Atkins said XPO Logistics' (XPO) $3B acquisition of Con-way (CNW) is a "major departure" from its M&A strategy, which has been largely focused on non-asset or asset-lite businesses until now, and that he is "curious" to see how investors receive the deal. Atkins said he is "quite concerned" about potential hurdles as XPO integrates Con-way and Norbert Dentressangle, the company's other large acquisition of 2015. The analyst lowered his price target on XPO to $40 from $53 and maintains an Equal Weight rating on the shares.
News For XPO;CNW From the Last 2 Days
Sep 17, 2019 | 18:54 EDT
HIGHER: NewLink (NLNK) up 17.8% after FDA accepted its partnered BLA for ebola vaccine... CDW Corp (CDW) up 5.6% after entering S&P500 index... Tellurian (TELL) up 2.0% after being initiated with Outperform at Evercore... NextDecade (NEXT) up 1.9% after being initiated with Outperform at Evercore. DOWN AFTER EARNINGS: FedEx (FDX) down 9.6%, XPO Logistics (XPO) down 3.4% in symbathy... Chewy (CHWY) down 2.8%... Adobe (ADBE) down 2.6%. ALSO LOWER: Adesto Technologies (IOTS) down 8.5% after convertible debt offering... PTC Therapeutics (PTCT) down 7.7% after equity offering... Translate Bio (TBIO) down 7.6%... Acadia Pharma (ACAD) down 2.6% after equity offering. Movers as of 18:30ET.