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Fly News Breaks for March 22, 2017
FDX
Mar 22, 2017 | 07:37 EDT
Wells Fargo predicts that FedEx's stock will be "resilient" today, despite the company's EPS miss. Wells notes that the company's "implied" Q4 EPS guidance surpassed expectations. It says that the company's guidance for flat capex supports its view that FedEx's EPS growth will accelerate over the longer term. Wells reiterates an Outperform rating on the 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.