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Fly News Breaks for June 14, 2018
FDX
Jun 14, 2018 | 07:49 EDT
Cowen analyst Helane Becker noted FedEx will report Q4 earnings after the market closes on June 19 and she believes the quarter will mark an inflection for margin contraction. She expects to see improved margins at Ground and Freight due to solid pricing trends and ongoing volume growth. She also sees no lingering TNT issues at Express while the recent 30% increase in its dividend should be viewed favorably by investors. Becker reiterated her Outperform rating on FedEx shares.