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Fly News Breaks for March 22, 2017
FDX
Mar 22, 2017 | 07:26 EDT
Credit Suisse analyst Allison Landry raised her price target for FedEx to $219 from $209 on valuation following quarterly results. While the analyst acknowledges that Q3 adjusted EPS disappointed, she thinks investors will likely shrug off the miss given the company's line of sight to Express EBIT improvement. She reiterates an Outperform rating on the shares as she sees "greater relative upside" in FedEx's shares compared to the balance of her coverage universe.
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