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Fly News Breaks for March 21, 2018
FDX
Mar 21, 2018 | 07:27 EDT
KeyBanc analyst Todd Fowler raised his price target for FedEx to $290 from $275 following quarterly results to reflect slightly stronger revenue and near-term margins, as well as a lower tax rate. The analyst continues to view FedEx as positioned to benefit from both favorable macroeconomic freight demand and secular supply-chain shifts. Fowler reiterates an Overweight rating on the shares.
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