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FDX

FedEx

$185.01

2.81 (1.54%)

07:46
12/19/18
12/19
07:46
12/19/18
07:46

FedEx price target lowered to $236 from $263 at Credit Suisse

Credit Suisse analyst Allison Landry lowered his price target for FedEx to $236 from $263 due to lower base year EBIT and a higher discount rate. Global growth seems to have peaked and while trade rhetoric is undoubtedly a major factor contributing to weaker economic growth, perhaps the more concerning element at play for FedEx's international biz is the material mix shift at legacy TNT toward lower margin traffic, she contends. For this reason, Landry is admittedly less constructive on the stock. However, the analyst also thinks there is reason to believe that the stock could be close to washed out. To the extent that the bad news is now out of the way, Landry continues to think that the downside risk remains limited and reiterates an Outperform rating on the shares.

FDX FedEx
$185.01

2.81 (1.54%)

12/19/18
UBSW
12/19/18
NO CHANGE
Target $205
UBSW
Neutral
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.
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.

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XLNX

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FTNW

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TSLA

Tesla

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-0.94 (-0.37%)

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KR

Kroger

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TSLA

Tesla

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ALKS

Alkermes

$19.30

0.88 (4.78%)

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TSLA

Tesla

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FITB

Fifth Third

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IBM

IBM

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KO

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SWM

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