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Fly News Breaks for July 12, 2018
FDX
Jul 12, 2018 | 07:27 EDT
Citi analyst Christian Wetherbee believes the recent pullback in shares of FedEx on trade concerns creates a "compelling" entry point. The analyst left meetings with management feeling that recent trade concerns have overly impacted FedEx's multiple, "particularly as business appears to be running at/ahead of plan." He believes the stock is "too cheap" and keeps a Buy rating on the name.
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