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Fly News Breaks for May 7, 2015
FDX
May 7, 2015 | 06:23 EDT
Citigroup believes investor sentiment on FedEx is mixed due to concerns about the FY16 guidance. After meeting with the company, Citi thinks the FY16 earnings per share guidance could come in at $11, making it a potential catalyst, not a concern. FedEx is the firm's top pick in Transports given its outlook for four years of double digit EPS growth. Citi reiterates a Buy rating on the stock with a $205 price target.
News For FDX From the Last 2 Days
FDX
Mar 26, 2024 | 20:34 EDT
Barclays analyst Brendan Lynch initiated coverage of Plymouth Industrial REIT (PLYM) with an Equal Weight rating and $22 price target. FedEx (FDX) is the REIT's second-largest tenant, and a July 2024 lease expiration for 770K sqf facility in St. Louis creates uncertainty, the analyst tells investors in a research note. The lease renewal appears to be dependent on FedEx separately renewing its dedicated service agreement with a company in an adjacent building, the firm added.