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Fly News Breaks for March 22, 2017
FDX
Mar 22, 2017 | 06:38 EDT
The key message from FedEx's earnings report and conference call last night was that earnings growth is bottoming and poised to reaccelerate to a double digit pace in Q4 and beyond, Citi analyst Christian Wetherbee tells investors in a post-earnings research note. While the quarter was disappointing, the outlook for both Q4 and FY18-FY20 was much better, the analyst contends. He expects expect shares to outperform on the outlook and reiterates a Buy rating on FedEx.
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