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Fly News Breaks for June 21, 2017
FDX
Jun 21, 2017 | 07:17 EDT
After FedEx reported stronger than expected Q4 results, Wells Fargo says that the market still doesn't fully appreciate FedEx's story. The firm continues to expect FedEx to raise TNT's margins and it says that the company "is transitioning to a ''beat and raise'' outlook with the most attractive valuation relative to the broader transportation group." Wells expects many more investors to become interested in the stock going forward and keeps an Outperform rating on the shares.
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