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ITS Logistics Signs Definitive Agreement to be Acquired by Echo Global Logistics
Globenewswire· 2026-01-21 17:15
RENO, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) -- ITS Logistics (“ITS”) and Echo Global Logistics, Inc. (“Echo”), have entered into a definitive agreement in which Echo will acquire ITS from GHK Capital Partners LP (“GHK”). The combination of ITS and Echo will represent one of the largest third-party logistics platforms in North America with pro forma 2025 revenue of approximately $5.4 billion. ITS will continue operating with its existing leadership team and customer-facing structure, maintaining its people-fi ...
Market is Undervaluing Uber Technologies’ (UBER) Core Mobility Business, Morgan Stanley Says
Yahoo Finance· 2026-01-19 11:35
Group 1 - Uber Technologies Inc. is considered one of the best debt-free stocks to buy, with a Buy rating and a $110 price target from Morgan Stanley analyst Brian Nowak, who believes the market undervalues the company [1] - Nowak's analysis indicates that the market is valuing Uber's U.S. mobility business at a 2027 adjusted EBITDA multiple of 7x, which is significantly lower than its mid-teens growth rate, suggesting a discount compared to peers like Lyft [2] - BNP Paribas has initiated coverage of Uber with an Outperform rating and a $108 price target, recognizing Uber as a "mobility and delivery winner" despite upcoming competition in autonomous vehicles [4] Group 2 - Uber operates as a global technology platform connecting consumers with transportation, delivery, and logistics services through its Mobility, Delivery, and Freight segments [5] - There is an expectation of volatility in share prices for Uber and Lyft due to anticipated acceleration in autonomous vehicle development in 2026, but no material financial impact on Uber is expected in the next 24 months [3]