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Fly News Breaks for September 18, 2018
FDX
Sep 18, 2018 | 07:34 EDT
Cowen analyst Helane Becker noted FedEx shares were weak in the aftermarket following Q1 earnings that were below expectations. The analyst said she would use the weakness as a buying opportunity as management raised the full-year earnings range due to a strong economy and continued traction with revenue and cost initiatives. Becker reiterated her Outperform rating and $280 price target on FedEx shares.
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