Fly News Breaks for June 22, 2016
FDX
Jun 22, 2016 | 07:47 EDT
Citi analyst Christian Wetherbee called FedEx's Q4 results and FY17 guidance "somewhat of a mixed bag" that he believes may leave investors "somewhat confused" and may be followed by consensus earnings expectations coming down. Wetherbee added that wouldn't be surprised to see FedEx shares being soft initially in the wake of the report, but he expects better performance after that potentially soft period. The analyst, who is setting his FY17 EPS estimate in the higher end of the company's outlook range, keeps a $200 price target and Buy rating on FedEx shares.
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