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Fly News Breaks for September 18, 2018
FDX
Sep 18, 2018 | 07:11 EDT
Oppenheimer analyst Scott Schneeburger maintained an Outperform rating and $288 price target on FedEx following the company's "mixed" quarterly results, telling investors in a research note to "buy the dip." Despite the softer start, FedEx maintained its FY19 revenue growth guidance and increased its adjusted EPS range and Schneeburger anticipates a strong peak season and broad-based second half of 2019-2020 lift.