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Fly News Breaks for June 21, 2017
FDX
Jun 21, 2017 | 07:39 EDT
Credit Suisse analyst Allison Landry raised her price target on FedEx to $237 from $225 after the company after increasing her FY18 EPS estimate to $13.79 from $13.32 following the company's Q4 report. However, noting that expectations heading into the report were "quite high" and the company's FY18 EPS guidance underwhelmed, she thinks the stock is likely to take a short-term breather. Landry, who said she'd view a meaningful pullback as a potential buying opportunity, keeps an Outperform rating on FedEx shares.
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