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FDX

FedEx

$185.01

2.81 (1.54%)

07:24
12/19/18
12/19
07:24
12/19/18
07:24

FedEx price target lowered to $205 from $256 at UBS

UBS analyst Thomas Wadewitz lowered his price target on FedEx to $205 from $256 following Q2 results. The analyst noted the company lowered its guidance based on issues at Express that are expected to continue. Wadewitz maintained his Neutral rating on FedEx shares.

FDX FedEx
$185.01

2.81 (1.54%)

12/19/18
DBAB
12/19/18
NO CHANGE
Target $212
DBAB
Buy
FedEx price target lowered to $212 from $293 at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra lowered his price target for FedEx to $212 saying the company last night reported "poor" fiscal Q2 results and lowered full-year 2019 earnings guidance by 8% at the midpoint. The quarter and call "follow a string of disappointing prints and weak disclosures," Mehrotra tells investors in a post-earnings research note. However, despite this, shares are "much too discounted," even under the reduced earnings forecast, says the analyst. As such, he keeps a Buy rating on FedEx.
12/19/18
LOOP
12/19/18
NO CHANGE
Target $262
LOOP
Buy
FedEx price target lowered to $262 from $318 at Loop Capital
Loop Capital analyst Rick Paterson lowered his price target on FedEx to $262 after its Q2 results, saying that while its earnings topped consensus, the "much bigger news was negative". The analyst cites the company "extending its time frame for extracting higher FedEx Express operating margins on the back of the TNT integration by at least a year" beyond the original 2020 target, attributed to the accelerating macro weakness in Europe and Asia. Paterson also believes that FedEx has "swung into recession mode" as it works to offset the macro weakness, having reduced its FY19 EPS view to $15.50-$16.60 from $17.20-$17.80.
12/12/18
COWN
12/12/18
NO CHANGE
Target $280
COWN
Outperform
FedEx margins likely to improve on y/y, q/q basis, says Cowen
Cowen analyst Helane Becker reiterated an Outperform rating and $280 price target on FedEx (FDX), telling investors in a research note that she believes margins will improve on a y/y and q/q basis, albeit at a moderately slower than expected pace. She lowered her 2Q19 earnings estimates to reflect higher purchase transportation costs and softer international pricing, but raised 2H19 estimates due to a strong peak and improving Express and Ground operations. She notes that investors are concerned Amazon (AMZN) will mitigate rising transportation costs by launching their own delivery network to compete with FedEx and its peers, but says that a new entrant will have to meaningfully ramp up its cost profile and forgo other investment opportunities to achieve the operating efficiencies of FedEx, UPS (UPS) and others.
12/12/18
FBCO
12/12/18
NO CHANGE
Target $263
FBCO
Outperform
FedEx price target lowered to $263 from $307 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for FedEx to $263 from $307, while reiterating an Outperform rating on the shares. The analyst believes the stock is priced for big cut to numbers following aggressive selloff.

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