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Fly News Breaks for September 10, 2015
Sep 10, 2015 | 10:53 EDT
Oppenheimer analyst Scott Schneeberger calls XPO Logistics' (XPO) acquisition of Con-way (CNW) "strategically logical" and reiterates an Outperform rating on the name. The combined company will still be two-thirds asset-light, with net capex a moderate 3.3% of revenue, Schneeberger tells investors in a research note. The deal also carries "significant" potential synergistic benefits, the analyst believes.
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.