Thomas Wadewitz

Analysts are out with reactions and price target changes after FedEx Corporation (NASDAQ: FDX) reported strong quarterly earnings. FedEx reported second-quarter earnings of $4.87 per share, which beat the analyst consensus estimate of $2.69. The company reported quarterly sales of $19.30 billion,...

J B Hunt Transport Services Inc (NASDAQ: JBHT) stock traded higher Friday after the company reported earnings and revenue beats Thursday afternoon. J B Hunt reported second-quarter EPS of $1.14 on revenue of $2.15 billion. Both numbers topped the consensus analyst estimates of 83 cents and $2....

CSX Corporation (NASDAQ: CSX) Is likely to witness a rebound and strong growth in volume in 2021, while its cost-saving initiatives could limit downside risk, according to UBS. The CSX Analyst Thomas Wadewitz upgraded CSX Corp. from Neutral to Buy and raised the price target from $63 to $80....

Hedge funds are concerned about FedEx Corporation’s (NYSE: FDX) fiscal third-quarter earnings significantly missing consensus estimates when the company reports results on March 17, according to UBS. The FedEx Analyst Thomas Wadewitz maintained a Buy rating for FedEx with a price...

Union Pacific Corporation (NYSE: UNP) may report soft volumes for the fourth quarter of 2019 and the volume weakness could persist in the first half of 2020, according to UBS. The Analyst UBS analyst Thomas Wadewitz maintained a Buy rating on Union Pacific, reducing the price target from $193 to $...

Railroad company CSX Corporation (NASDAQ: CSX) reported Tuesday with second-quarter results that were notable for a miss on the EPS and revenue lines. Here's how some of the Street's top analysts reacted. The Analysts RBC Capital Markets' Walter Spracklin maintained...

FedEx Corporation (NYSE: FDX) should continue to deliver above-average growth along with packages over the long-term, sell-side analysts said Wednesday, brushing aside warnings in its near-term guidance. The package shipping giant reported better-than-expected earnings Tuesday, but highlighted some...

J B Hunt Transport Services Inc (NASDAQ: JBHT) may be facing some headwinds going into 2020, according to UBS.  The Analyst  Thomas Wadewitz downgraded J.B. Hunt from Buy to Neutral and lowered the price target from $121 to $96. The Thesis UBS has become increasingly convinced...

A recent meeting with United Parcel Service, Inc. (NYSE: UPS) management inspired increased one firm's confidence in the company’s performance in 2019 and in multi-year EPS growth. The Analyst UBS analyst Thomas Wadewitz maintains a Buy rating on UPS with a price target of $121. The...

UBS Securities said it expects solid fourth-quarter earnings from United Parcel Service, Inc. (NYSE: UPS) when the package shipper reports next week, thanks to strong execution during the delivery company’s holiday season. UBS is less bullish on competitor FedEx Corporation (NYSE: FDX), which...

FedEx Corporation (NYSE: FDX) reported Tuesday its fiscal second-quarter results, which came in better than expected but management revised its outlook. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's Ravi Shanker maintains an...

UBS said in a note Monday J B Hunt Transport Services Inc (NASDAQ: JBHT) now carries a positive outlook on two fronts, namely volume and multi-year pricing. As such, the firm upgraded shares of J.B. Hunt from Neutral to Buy and upped its price target from $115 to $126. Analyst Thomas Wadewitz...

FedEx Corporation (NYSE: FDX)'s TNT unit was the victim of a cyberattack in late June and it wasn't until Aug. 18 when the company confirmed its operations in Europe is back to normal. UBS analyst Thomas Wadewitz said it still remains unknown if the company's international operations,...

UBS upgraded shares of C.H. Robinson Worldwide Inc (NASDAQ: CHRW), suggesting that rising visibility to cyclical drives makes the downside case less likely. As such, UBS upgraded shares of the company from Sell to Neutral and also lifted its price target from $65 to $75. At the time of...

Analysts at UBS turned bearish on Echo Global Logistics, Inc. (NASDAQ: ECHO), a small-cap provider of technology-enabled transportation and supply chain management solutions, after the stock has already lost 30 percent since the start of 2017. The firm's Thomas Wadewitz downgraded Echo's stock...