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Give Credit Where It's Due: CSX Made Improvements Despite 'Noisy Quarter'
Wednesday, July 19, 2017 - 11:09am | 480Read More...Shares of CSX Corporation (NASDAQ: CSX) were under heavy selling pressure Wednesday despite the company handily beating estimates in its second-quarter earnings report. The railroad company earned 64 cents per share in the second quarter on revenue of $2.933 billion; analysts were expecting the...
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FedEx's Sell-Side Roundup: Outperform Ratings Across The Board
Thursday, June 22, 2017 - 8:41am | 687Read More...FedEx Corporation (NYSE: FDX) reported its fourth-quarter earnings on Tuesday after the close. While the company beat revenue and EPS estimates for Q4 fiscal 2017, those figures were temporarily overshadowed by disappointing guidance. The stock dropped 1.5 percent after Wednesday’s open...
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Why It May Be Time To Hop Aboard The Rail Sector Ahead Of Q1 Earnings
Thursday, April 6, 2017 - 2:39pm | 402Read More...According to UBS, now may be an opportune time to jump into the rail sector ahead of first-quarter earnings releases of several of the top players this month. “Rail volumes have generally been better than expected in Q1 with CNI, NSC, and KSU realizing stronger volume growth while the mix...
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Here's The Sell-Side Sentiment Following FedEx's Q3 Report
Thursday, March 23, 2017 - 8:38am | 910Read More...FedEx Corporation (NYSE: FDX) reported after the market close on Tuesday adjusted third-quarter earnings that sorely missed estimates, while its revenues were in line. The company blamed the earnings miss on the negative net impact of fuel, one fewer operating day at FedEx Express and FedEx...
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Why Upside On FedEx's Acquisitions Is More Important Than Q3 Miss
Wednesday, March 22, 2017 - 12:26pm | 334Read More...Despite a notable third quarter earnings miss, shares of FedEx Corporation (NYSE: FDX) were trading higher Wednesday and analysts at UBS may have the reason why. Thomas Wadewitz commented in a research report FedEx earned $2.35 per share in the third quarter, which fell "significantly"...
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FedEx Q3: Margin Pressure, TNT Acquisition And The 'Path Of Synergies'
Wednesday, March 15, 2017 - 3:53pm | 392Read More...UBS expects an in-line to modest downside EPS from FedEx (NYSE: FDX) when it reports its third quarter earnings on March 21. Analyst Thomas Wadewitz, who has a Buy rating on shares, expects EPS of $2.55 versus consensus estimate of $2.62. The analyst also said Ground margin likely remains under...
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UBS Upgrades Swift Transportation To Buy Following 'Favorable' Q3 Performance
Tuesday, October 25, 2016 - 9:05am | 393Read More...Swift Transportation Co (NYSE: SWFT) reported robust Q3 results on Monday, with the EPS ahead of the consensus and the estimate. UBS’ Thomas Wadewitz upgraded the rating on the company from Neutral to Buy, while raising the price target from $22 to $24. Robust Q3 “Swift’s...
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FedEx May Be Leaving Clues To A Managerial Succession Plan
Tuesday, September 27, 2016 - 2:25pm | 386Read More...UBS analyst Thomas Wadewitz believes the recent management changes in FedEx Corporation (NYSE: FDX) is an indication of a logical managerial succession plan. However, the analyst has not changed his Buy rating nor the price target of $215 on the company's shares. On Monday, the company revealed the...
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No Hard Feelings: UBS Sees Pershing Square Exit From Canadian Pacific As Constructive For The Stock
Thursday, August 4, 2016 - 4:43pm | 241Read More...Canadian Pacific Railway Limited (USA) (NYSE: CP) announced on Wednesday that its largest shareholder, Bill Ackman's Pershing Square, sold its entire 9.8 million stake in the company after buying a stake in 2011 and running a proxy fight in 2012. Ackman will, however, remain on Canadian...
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UBS Hikes Norfolk Southern To Buy, Thinks Company Can Deliver
Friday, April 22, 2016 - 11:28am | 272Read More...Norfolk Southern Corp. (NYSE: NSC) reported its Q1 results, with the EPS significantly above the consensus and the estimate. UBS’ Thomas Wadewitz upgraded the rating on the company from Neutral to Buy, while raising the price target from $84 to $102. Significant Opportunity Wadewitz...
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UBS Downgrades Union Pacific Amid 'Further Revenue Malaise'
Monday, April 18, 2016 - 9:38am | 237Read More...Union Pacific Corporation (NYSE: UNP) has been facing a mix issue, which has put earnings under pressure. UBS’ Thomas Wadewitz downgraded the rating for the company from Buy to Neutral, while reducing the price target from $89 to $88. The Wait Gets Longer Union Pacific’s y/y...
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UBS Still Buying Blue Chip Railroad Stocks
Tuesday, March 8, 2016 - 11:31am | 394Read More...UBS’ Thomas Wadewitz stated that while mid-cycle implied modest upside, mix and coal headwinds were likely to persist. While saying that the current conditions in various key rail markets continued to be challenging and a strong inflection in rail EPS performance was unlikely, analyst...
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UBS: Canadian Pacific-Norfolk Southern Combo Still Possible
Wednesday, February 17, 2016 - 4:18pm | 274Read More...This week, Canadian Pacific Railway Limited (USA) (NYSE: CP) announced its intention to file a request with the Surface Transportation Board (STB) asking for a declaratory order with respect to its proposed voting trust structure in its pursuit of a Norfolk Southern Corp. (NYSE: NSC) merger...
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UBS: Growth Is Priced In At UPS, FedEx
Thursday, December 11, 2014 - 12:30pm | 273Read More...Two major package delivery companies will see gains from a growing economy and lower fuel prices, but a strong outlook is already priced into their stocks, an analyst said Thursday. UBS' Thomas Wadewitz launched coverage with Neutral ratings on both United Parcel Service, Inc. (NYSE: UPS)...
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UPDATE: JP Morgan Upgrades Canadian National Railway on Growth Drivers
Friday, May 31, 2013 - 9:34am | 168Read More...In a report published in Friday, JP Morgan analyst Thomas Wadewitz upgraded Canadian National Railway (NYSE: CNI) from Underweight to Neutral and raised the price target from $96.00 to $110.00. In the report, JP Morgan stated, "Due to its greater reach North into the oil sands and South to US...
