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Avondale Partners Likes XPO Logistics Defensive Appeal
Thursday, May 12, 2016 - 5:02pm | 141Read More...On May 3, XPO Logistics Inc (NYSE: XPO) reported a Q1 loss of $0.08 compared with consensus expectations for a loss of $0.17. Year-over-year operating Income growth was a total blowout, up 398 percent to $31.9 million. Guidance for 2016 EBITDA of $1.25 billion was affirmed, along with 2018 EBITDA...
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Avondale Downgrades Landstar Following Q1 Results
Friday, April 22, 2016 - 8:40am | 297Read More...Landstar System, Inc. (NASDAQ: LSTR) reported its 1Q16 results with a decline in revenue from the 2015 levels. Avondale Partners’ Donald Broughton downgraded the company from Market Outperform to Market Perform, while lowering the price target from $72.50 to $67.50. “While we...
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Canadian Pacific Is The Only Railroad Stock Worth Owning: Here's The Logic
Wednesday, April 20, 2016 - 4:59pm | 287Read More...Avondale Partners said the strong results of Canadian Pacific Railway Limited (USA) (NYSE: CP) in a challenging industry proved once again why it is the only railroad equity the brokerage is recommending. Analyst Donald Broughton maintained his Market Outperform rating on the stock, intact with...
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Step To The Sidelines In Knight Transportation, Covenant, Werner, Avondale Says
Monday, March 14, 2016 - 10:44am | 397Read More...Avondale Partners’ Donald Broughton expects lower demand, pricing power and utilization as well as dramatically lower or no gains on sale to pose serious headwinds for truckload carrier companies like Knight Transportation (NYSE: KNX), Covenant Transportation Group, Inc. (NASDAQ: CVTI) and...
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Avondale Cuts Estimates On Railroads... Again
Friday, February 12, 2016 - 1:13pm | 427Read More...On Friday, Avondale Partners issued a note on the railroad industry, highlighting companies including CSX Corporation (NASDAQ: CSX), Canadian National Railway (USA) (NYSE: CNI), Canadian Pacific Railway Limited (USA) (NYSE: CP), Norfolk Southern Corp. (NYSE: NSC) and Union Pacific Corporation (NYSE...
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Wall Street Concerned Over Norfolk Southern
Thursday, January 28, 2016 - 12:36pm | 474Read More...The share price of Norfolk Southern Corp. (NYSE: NSC) has declined 31.59 percent over the past one year, to reach a low of $67.73 on January 25. Jeffrey Kauffman of Buckingham Research has downgraded the rating on the company from Buy to Neutral, while lowering the price target from $82 to $...
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Avondale On Transportation: FedEx, Canadian Pacific, Marten Named Top Picks
Wednesday, December 30, 2015 - 11:50am | 183Read More...Donald Broughton, Avondale's Chief Market Strategist, gave a few of his Best Ideas for 2016, highlighting companies in the transportation industry. Air Freight and Parcel: FedEx Corporation (NYSE: FDX) FedEx is down 14.06 percent year-to-date and has shown further weakness in December,...
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FedEx Continues Rampage Against UPS In E-Commerce Parcel Space
Tuesday, February 3, 2015 - 3:03pm | 368Read More...United Parcel Service, Inc. (NYSE: UPS) declared its fourth-quarter earnings Tuesday, which were in-line with analysts’ expectations. Donald Broughton from Avondale Partners was on CNBC recently to break down the numbers from UPS and opine on the competition it's facing from FedEx...
