Zacks Analyst Blog Highlights: FedEx Corp., Sunoco Logistics, Enterprise Products and Valero.CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day, the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: FedEx Corp. (NYSE: FDX See full-duplex.), Sunoco Logistics Partners (NYSE: SXL SXL - Sligo, Ireland - Collooney (Airport Code)), Enterprise Products (NYSE: EPD EPD - Earliest Possible Date EPD - Earliest Practicable Date EPD - Early Packet Discard (ATM) EPD - Early Payment Default EPD - Electophoretic Deposition EPD - Electric Power Development Co., Ltd. EPD - Electric Power Distribution EPD - Electrical Power Distribution System EPD - Electrically Programmed Device EPD - Electronic Personal Dosimeter EPD - Electronic Photo Documentation EPD - Electronic Product Distribution) and Valero (NYSE: VLI VLI - Port Vila, Vanuatu - Bauerfield (Airport Code) VLI - Value Line Index VLI - Variable Life Insurance VLI - Variable Loan Interest (insurance) VLI - Virtual LAN Internetwork (Cisco) VLI - Visible Light Illuminator (special flashlight mounted on weapons)). See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673 Here are highlights from Monday's Analyst Blog: Note on FedEx Agreement Over the weekend, FedEx Corp. (NYSE: FDX) and the Air Line Pilots Association, Int'l. (ALPA ALPA - Air Line Pilots Association ALPA - Adelaide LAN Party Association ALPA - Adult Learning Programs of Alaska ALPA - Arbitrated Loop Physical Address ALPA - Association of Little People of Alberta (Canada)) announced that they had reached a tentative agreement on a new four-year labor contract for FedEx Express that would extend through 2010 once ratified. Terms of the tentative agreement have not yet been disclosed. We view this positively as FDX and ALPA have been negotiating through the National Mediation Board since October 2005. The stock is up $2.46, or 2.5%, to $101.61 in morning trading. We continue our Hold recommendation on FDX. Little Upside for SXL We are maintaining our Hold recommendation on Sunoco Logistics Partners (NYSE: SXL) units given its inline valuation relative to the peer group despite its relatively modest long-term distribution-growth prospects. Sunoco Logistics common units are currently trading at a yield spread Yield Spread The difference between yields on differing debt instruments, calculated by deducting the yield of one instrument from another. The higher the yield spread, the greater the difference between the yields offered by each instrument. The spread can be measured between debt instruments of differing maturities, credit ratings and risk. of 205 basis points relative to the 10-year treasury bond, the same as the pipeline MLP group, leaving little room for upside from current levels, in our view. Our preferred MLP names continue to be Enterprise Products (NYSE: EPD) and Valero (NYSE: VLI), which we believe remain better positioned in the current environment given their distribution-growth prospects. Our six-month target price on SXL units is $45. See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645 About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2674. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros. |
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