Air Freight & Logistics

Piper Jaffray reiterated its Overweight rating on Hub Group (NASDAQ: HUBG). At the same, Piper Jaffray left its price target on the company's stock unchanged at $46 after a meeting with the company's senior management. In a research report published today, Piper Jaffray states, "We walked away...

Morgan Stanley is out with its report today on FedEx (NYSE: FDX), reiterating Overweight. In a note to clients, Morgan Stanley writes, "We believe the share price will rise in absolute terms over the next 60 days. This is because the stock has traded off recently, making short term valuation much...

Wall Street Strategies, which lowered its PT on shares of UTi Worldwide Inc. (NASDAQ: UTIW), is providing some color on the stock. “On June 2, UTi Worldwide reported its fiscal first quarter 2010 earnings results,” Wall Street Strategies writes. “The Company recorded revenue of $1.20 billion,...

Wall Street Strategies has lowered the price target on UTi Worldwide (NASDAQ: UTIW) from $20 to $18 and maintains its Hold rating.

The Board of Directors of FedEx Corporation (NYSE: FDX) today declared a quarterly cash dividend of $0.13 per share on FedEx Corporation common stock, an increase of $0.01 per share over the previous dividend payment. The dividend is payable July 1, 2011 to stockholders of record at the close of...

According to a recent report, Piper Jaffrays is raising the price target on UTi Worldwide (NASDAQ: UTIW) from $21.00 to $24.00 and decreasing the FY12/FY13 EPS estimates from $0.87/$1.12 to $0.78/$1.05. Despite changes in the price target and EPS estimates, Piper Jaffray maintains a Neutral rating...

Piper Jaffray has raised the price target on UTI Worldwide (NASDAQ: UTIW) from $21 to $24 and maintains its Neutral rating.

According to Morgan Stanley, FedEx (NYSE: FDX) offers one of the most interesting risk-rewards in its coverage. Morgan Stanley said that not only does it believe consensus is too low for FY12, but it believes FDX is at the beginning of a multi-year growth cycle similar to FY03-FY07. “Margins...

US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 28 points to 12,302.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100 futures surged 10....

Cascade Corporation (NYSE: CASC) is estimated to report its Q1 EPS at $0.82 on revenue of $113.33 million. SAIC Inc (NYSE: SAI) is projected to report its Q1 EPS at $0.33 on revenue of $2.71 billion. The Descartes Systems Group Inc (NASDAQ: DSGX) is projected to report its Q1 EPS at $0.12 on...

PiperJaffray commented on Hub Group (NASDAQ: HUBG) in a report released today. In the report, PiperJaffray was positive in its assessment of the company. PiperJaffray writes, "HUBG's stock has been knocked off its 52 week high on general macro fears and is now trading at a 5.6% discount to our...

According to J.P. Morgan, FedEx (NYSE: FDX) is ready to deliver. J.P. Morgan said that it expects a line type of 4QF11 earnings report from FDX on June 22 and guidance for F12 which brackets Consensus with a modest upside bias. “International airfreight data has been noisy over the past several...

UPS (NYSE: UPS) and Live Nation Entertainment (NYSE: LYV) today announced a groundbreaking, multi-year sponsorship alliance aimed at promoting UPS's environmentally responsible logistics solutions to millions of music fans across North America as well as recording artists committed to reducing the...

Goldman Sachs commented on Atlas Air Worldwide Holdings (NASDAQ: AAWW) following the analysts day. In a research report published today, Goldman reiterated its positive outlook on Atlas. It also increased its earnings per share estimates for the next two years. The latest estimates put EPS at $5.45...

Robert W. Baird upgraded Forward Air Corporation (NASDAQ: FWRD) from “neutral” to “outperform.” FWRD's shares closed at $31.91 yesterday. Forward Air's trailing-twelve-month ROE is 14.71%. Analysts at Stifel Nicolaus upgraded Piedmont Office Realty Trust Inc (NYSE: PDM) from “sell” to “hold.” PDM'...