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Fly News Breaks for June 21, 2017
FDX
Jun 21, 2017 | 08:07 EDT
Baird analyst Benjamin Hartford noted FedEx reported Q4 result that beat expectations. He said the company remains a top idea and would be an aggressive buyer on pullbacks toward the low $200's. He cited its relative valuation, company specific earnings growth, and an improving free cash flow profile supporting its multi-year outperformance. Hartford reiterated his Outperform rating and raised his price target to $230 from $222 on FedEx shares.
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