New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 16, 2014
16:01 EDTFDXFedEx acquires Bongo International
Subscribe for More Information
15:42 EDTFDXNotable companies reporting before tomorrow's open
Subscribe for More Information
15:26 EDTFDXFedEx December 175 straddle priced for 3.6% movement into Q2
Subscribe for More Information
15:11 EDTFDXFedEx technical comments ahead of results
Subscribe for More Information
09:45 EDTFDXFedEx provides short-term trade opportunity, says Bernstein
Subscribe for More Information
December 15, 2014
17:03 EDTFDXFedEx announces acquisition of GENCO
Subscribe for More Information
10:00 EDTUPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
09:24 EDTFDXFedEx says higher e-commerce purchases increases residential deliveries
Subscribe for More Information
08:53 EDTFDXFedEx December volatility increases into Q2 and outlook
Subscribe for More Information
06:04 EDTUPSUPS downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded UPS to Hold with a $116 price target citing a more balanced risk/reward profile following the recent rally in shares. The stock is up 12% over the past three months. Shares of the shipping giant closed Friday down 63c to $110.
December 11, 2014
14:47 EDTFDXFedEx management to meet with
Meeting to be held in Florida on December 18 hosted by William Blair.
11:07 EDTFDXFedEx December volatility increases into Q2 and outlook
Subscribe for More Information
10:13 EDTUPS, FDXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:03 EDTUPSUPS management to meet with UBS
Subscribe for More Information
06:18 EDTUPSUPS initiated with a Neutral at UBS
Subscribe for More Information
06:17 EDTFDXFedEx initiated with a Neutral at UBS
Subscribe for More Information
December 10, 2014
16:57 EDTFDXFedEx Freight says Teamsters withdraw election petition
Subscribe for More Information
08:14 EDTUPSUPS management to meet with UBS
Meeting to be held in Seoul, South Korea on December 10 hosted by UBS.
December 9, 2014
07:46 EDTUPSUPS management to meet with UBS
Subscribe for More Information
December 8, 2014
08:11 EDTUPSUPS management to meet with UBS
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use