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Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:58 EDTFDX, UPS, TNTEYUPS advances after abandoning takeover of TNT
UPS (UPS) indicated this morning that it would not acquire Dutch delivery company TNT Express (TNTTY) as previously planned because the E.U. has decided to block the deal over competition concerns. As a result, UPS said that it would pay TNT a EUR200M termination fee. In a note to investors earlier today, Deutsche Bank analyst Justin Yagerman responded to the news by upgrading UPS to Buy from Hold. UPS will likely buy back more shares of its own stock following the termination of the deal, wrote Yagerman, who raised his earnings per share estimates to reflect the expected additional buybacks. The analyst, who added that investors had been cautious about the acquisition, increased his price target on UPS shares to $92 from $83. Similarly, Jefferies analyst Peter Nesvold wrote that UPS would likely buy back a large amount of additional shares or increase its dividend soon. The company could announce such a move after February 5, when the E.U. is expected to announce that it will block the TNT acquisition, wrote the analyst, who maintained a Hold rating on the stock. Meanwhile, Nesvold added that FedEx (FDX) is "extremely unlikely" to launch its own bid for UPS. In early afternoon trading, UPS rose $1.14, or 1.46%, to $79.06, while FedEx added 0.77% to $98.15.
News For UPS;FDX;TNTEY From The Last 14 Days
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February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 18, 2015
12:28 EDTUPSUPS denies NY AG's allegations, Times Union of Albany reports
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10:52 EDTUPSUPS accused by NY AG of illegally shipping untaxed cigarettes
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February 17, 2015
10:28 EDTUPSUPS spikes higher, retraces some gains
Price was last at $102.47, off the earlier spike high at $102.82 which is now resistance. Next resistance above the high of the day would be at $103.29. The move up today has broken the stock out of a consolidation pattern, a bullish ascending triangle. The upside potential would be to the $105.50 area. Support is at $101.90, the opening price of the session.
10:16 EDTUPSRumor: UPS moves higher amid activist investor speculation
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February 13, 2015
10:00 EDTTNTEYOn The Fly: Analyst Downgrade Summary
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06:25 EDTTNTEYTNT Express downgraded to Neutral from Overweight at JPMorgan

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