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FDX

FedEx

$260.82

3.22 (1.25%)

07:00
01/04/18
01/04
07:00
01/04/18
07:00

FedEx price target raised to $318 from $260 at Loop Capital

Loop Capital analyst Rick Paterson raised his price target on FedEx to $318, updating his model based on the U.S. corporate tax legislation lowering the effective rate to about 23% from 34.5% over the past four quarters. Paterson says the cash flow from lower taxes will allow the company to "upgrade its air fleet faster, raise its dividend faster, and de-lever on the back of the TNT acquisition faster" with money to spare for higher stock buybacks.

  • 20

    Mar

FDX FedEx
$260.82

3.22 (1.25%)

01/02/18
FBCO
01/02/18
NO CHANGE
FBCO
Parcel shipping rates should rise over long-term, says Credit Suisse
Credit Suisse analyst Allison Landry notes that on the back of President Trump's tweet late last week, questions have resurfaced as to whether the USPS has been subsidizing Amazon's (AMZN) logistics costs by charging below market rates in the competitive parcel market, and using its monopoly power in First Class mail to cross-subsidize parcel delivery costs. The analyst believes this is yet another data point that supports her thesis that parcel shipping rates will rise over the long-term as she sees the potential for Postal Reform to be addressed by Congress in 2018. Landry thinks it is only a matter of time before the USPS is forced to raise rates in its package business, which would be a clear positive for FedEx (FDX) and UPS (UPS).
12/26/17
ARGS
12/26/17
NO CHANGE
Target $290
ARGS
Buy
FedEx price target raised to $290 from $245 at Argus
Argus analyst John Eade raised his price target on FedEx to $290 following a Q2 earnings beat and raised FY18 outlook. Eade says the company should execute with future efficiencies and margin improvement thanks to the "well respected management's" continued cash injections, adding that FY18 will see the tailwinds of falling fuel costs and higher shipping demand. The analyst keeps his Buy rating on FedEx.
12/20/17
SPHN
12/20/17
NO CHANGE
Target $306
SPHN
Overweight
Stephens sees FedEx Express profitability to improve, ups target to $306
Stephens analyst Jack Atkins said he expects profitability in FedEx's Express segment to "improve meaningfully" in the second half of this fiscal year and for its increased focus on expense control in the Ground segment to additionally support margin and profitability growth. Following the company's earnings report and guidance raise, Atkins increased his price target on FedEx shares to $306 from $240 and keeps an Overweight rating on the stock.
12/20/17
BOFA
12/20/17
NO CHANGE
Target $293
BOFA
Buy
FedEx price target raised to $293 from $247 at BofA/Merrill
BofA/Merrill analyst Ken Hoexter raised Buy rated FedEx's price target to $293 from $247 following the strong quarter on robust volume growth, combined with tax potential upside.

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