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Fly News Breaks for March 20, 2019
FDX
Mar 20, 2019 | 07:30 EDT
Credit Suisse analyst Allison Landry raised her price for FedEx to $241 from $236, while reiterating an Outperform rating on the shares. The analyst acknowledges that the company's quarterly results were "disappointing," but notes that FedEx is adamant that it is focused on the long-term, and identified numerous levers for growth including small and medium sized businesses, international, and e-commerce opportunities. To the extent that the bad news is now out of the way, Landry continues to think that downside risk remains limited.
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