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Fly News Breaks for June 19, 2018
FDX
Jun 19, 2018 | 08:26 EDT
Argus analyst John Eade kept his Buy rating and $290 price target on FedEx ahead of its Q4 earnings later today, saying the stock is a "suitable core holding in a diversified portfolio". Eade notes the company has benefited from solid growth in the consumer sector and growth in e-commerce, which is still below 20% of its overall business. The analyst also expects the management to continue making investments in operations, improving efficiencies and growing margins. Eade also expects FedEx to return to double-digit core growth in FY19.
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