Getty Images Analysts at Bank of America lowered their ratings of shares of UPS and FedEx on Thursday A big Wall Street bank got more cautious about two U.S. shipping giants' shares today. Bank of America analysts on Thursday downgraded both FedEx (FDX) and UPS (UPS), setting price targets on shares that were among the lowest on Wall Street. The analysts cut their rating on FedEx to “neutral” from “buy,” trimming their target by $5 to $240, one of the lower ratings compiled by Visible Alpha and below the ...

BofA Global Research downgraded both United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE: FDX) to "underperform" from "neutral," and to "neutral" from "buy," respectively. The brokerage also cut the former's price target to $83 from $91, while the latter saw its price objective lowered to $240 from $245. The analyst cited the ending of tariff exemptions for small packages.UPS was last seen up 0.2% at $84.06, but earlier slipped to a five-year low of $82. The security has been struggling with overhead ...

The subsidiary company of AS Tallinna Sadam, OÜ TS Shipping, signed an agreement with Atlantic Towing Limited for chartering multifunctional icebreaker Botnica starting 10 September, 2025 for the period of 15 days with an additional option to extend the period day-by-day up to 60 days in total. According to the scope of service, Botnica will be chartered as an auxiliary vessel to support the charterer in Northern Canada. According to a 10-year agreement with the Estonian Transport Administration, Botnica p ...

LIMASSOL, Cyprus, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ:RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, today announced the pricing of an underwritten public offering of 5,769,230 shares of its common stock at a public offering price of $1.30 per share (the “Offering”). The gross proceeds from the Offering to Robin Energy are expected to be approximately $7.5 million, before deducting underwriting discoun ...

SINGAPORE--(BUSINESS WIRE)--With reference to the stock exchange announcement of 3 September 2025, Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN†) today announces that it has entered into a binding share purchase agreement (the "Share Purchase Agreement†) with Oaktree Capital Management, L.P. and its affiliates (together, "Oaktree†), to acquire approximately 14.1 million A shares in TORM plc ("TORM†, CSE ticker code: "TRMD A", NASDAQ ticker code: "TR. ...

We are back with an update on Global Ship Lease (NYSE: GSL ): solid performance and encouraging share-price momentum (Fig. 1); as the shares remain below our target price, we retain a positive upside view.Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as suc ...

We are back with an update on Global Ship Lease (NYSE: GSL ): solid performance and encouraging share-price momentum (Fig. 1); as the shares remain below our target price, we retain a positive upside view.Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as suc ...

Accessibility StatementSkip Navigation HAMILTON, Bermuda, Sept. 11, 2025 /PRNewswire/ -- CFO Knut Traaholt will be presenting Flex LNG today at the 32 Energy Conference in Oslo, hosted by Pareto Securities. The presentation is attached hereto and is also available on our website, www.flexlng.com For further information, please contact: Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected] About FLEX LNG The following files are available for ...

LIMASSOL, Cyprus, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, today announced that it has commenced a public offering of shares of its common stock (or pre-funded warrants in lieu thereof) (the “Offering”). All of the shares of common stock (or pre-funded warrants in lieu thereof) to be sold in the proposed Offering will be sold by Robin Energy. The Offering is s ...

American Express and UPS are launching offers aimed at helping small and medium-sized businesses (SMBs).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“UPS and American Express have both been trusted for over a ce ...