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Fly News Breaks for March 22, 2017
FDX
Mar 22, 2017 | 07:43 EDT
Baird analyst Benjamin Hartford raised his price target on FedEx to $222 from $209 following the company's Q3 report. Despite results that were below consensus, Hartford said FedEx remains his top large cap idea. He expects investors to move from focusing on this year's headwinds to its multi-year potential for improving free cash flow and sustained earnings growth. Hartford reiterated his Outperform rating on FedEx shares, which are up 2% to $196 in pre-market trading.
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