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Fly News Breaks for March 21, 2018
FDX
Mar 21, 2018 | 07:37 EDT
Stephens analyst Jack Atkins reiterated his Overweight rating and $306 price target on FedEx following the company's Q3 results, telling investors in a research note that while there were "a lot of moving pieces," the company's Q4 outlook is "encouraging" and that his confidence in FedEx's ability to earn $20+ in EPS in fiscal 2020 has not changed. Additionally, Atkins said FedEx Ground margins appear to have turned a corner, contenting that concerns held by some of a material capex step up in fiscal 2019 "appear unfounded."
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