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Fly News Breaks for June 23, 2016
FDX
Jun 23, 2016 | 07:22 EDT
Deutsche Bank analyst Robert Salmon recommends buying FedEx shares amid the selloff following its earnings report, as he expects further margin expansion this fiscal year based on tailwinds from Express' profit improvement plan, growth in the high margin Ground segment and improved results at Freight. The analyst raised his price target on FedEx shares to $198 from $190.
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