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Fly News Breaks for September 15, 2015
FDX
Sep 15, 2015 | 08:45 EDT
Cowen said Fed Ex remains one of their top picks ahead of its Q1 earnings release tomorrow. The firm expects potential gross margin expansion and positive e-commerce trends to offset any tough year-over-year traffic comparisons. Cowen reiterated its Outperform rating and $210 price target on FedEx shares.
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.