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FDX

FedEx

$156.00

-4.88 (-3.03%)

08:09
06/26/19
06/26
08:09
06/26/19
08:09

Deutsche stays Buy on FedEx, but says guidance cuts getting 'harder to defend'

Deutsche Bank analyst Amit Mehrotra said FedEx's earnings report was "disappointing" following a string of negative guidance revisions, which are "becoming harder to defend." The company's outlook for mid-single digit EPS decline in FY20 implies $14.75, versus the consensus of $16.15 prior to the report, noted Mehrotra, who comments that the "guidance does not do much to clear the air." The analyst has a Buy rating on FedEx shares.

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FDX FedEx
$156.00

-4.88 (-3.03%)

06/26/19
FBCO
06/26/19
NO CHANGE
Target $175
FBCO
Outperform
FedEx price target lowered to $175 from $184 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for FedEx (FDX) to $175 from $184, while reiterating an Outperform rating on the shares. Given FedEx's historical track record for setting an optimistic outlook, the analyst was "a bit surprised" at the fiscal year 2020 guidance for a MSD EPS decline. Landry is less constructive on the stock fundamentally from a mid-term perspective, but on a longer-term view, she continues to think that FedEx is well positioned strategically to benefit from the evolving domestic parcel market; and specifically, views its alignment with large, traditional retailers - such as Walmart (WMT and Target (TGT) - that are looking for ways to compete with Amazon (AMZN) as a positive in the long run.
06/26/19
BMOC
06/26/19
NO CHANGE
Target $190
BMOC
Outperform
FedEx results 'better than feared,' says BMO Capital
BMO Capital analyst Fadi Chamoun reiterated an Outperform rating and $190 price target on FedEx following the company's earnings report, saying Q4 and FY19 results were "better than feared." In a research note to investors, Chamoun says Ground and Freight segments appear on stronger footing going into fiscal 2020, while the Express segment outlook continues to be weighed down by a weak cyclical backdrop and TNT integration is likely still a year away from providing any substantial benefits. He says the stock is trading at bargain valuation levels, with an opportunity for EPS to re-accelerate over the medium term.
06/26/19
SBSH
06/26/19
NO CHANGE
Target $180
SBSH
Buy
FedEx results 'not good, but not terrible,' says Citi
Citi analyst Christian Wetherbee said FedEx reported Q4 results that were better than he expected, calling the report "not good, but not terrible" in an earnings recap note to investors. While not suggesting the results and guidance from the company are "a win," he thinks the company's outlook appears "realistic enough" to provide some floor in expectations with sentiment "close to an all-time low." Wetherbee, who thinks FedEx continues to hold potential from TNT, keeps a Buy rating on the stock but lowered his price target to $180 from $192 after having lowered his FY20 and FY21 EPS estimates, due almost entirely to the Express segment.
06/20/19
RAJA
06/20/19
NO CHANGE
Target $200
RAJA
Outperform
FedEx price target lowered to $200 from $215 at Raymond James
Raymond James analyst Patrick Tyler Brown lowered his price target for FedEx to $200 from $215, while reiterating an Outperform rating on the shares. While the analyst appreciates that the specter of slowing economic growth in Europe and Asia could continue to drive volume headwinds over coming quarters, he continues to believe that FedEx garners a "strong and highly idiosyncratic long-term growth profile," driven, in part, by his view that the TNT acquisition will eventually prove accretive. Moreover, on the Domestic front, Brown remains optimistic in the long-term earnings power of Ground and believes Freight, underpinned by the company's dominant terminal network can continue to drive earnings growth over freight cycles.

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COT

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COT

Cott Corp.

$12.34

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RARX

RA Pharmaceuticals

$33.58

-2.43 (-6.75%)

20:11
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CUTR

Cutera

$24.40

0.19 (0.78%)

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ITCI

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SCHW

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AXP

American Express

$128.20

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OBE

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EEFT

Euronet

$165.34

1.22 (0.74%)

19:16
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EEFT

Euronet

$165.34

1.22 (0.74%)

19:16
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CALX

Calix

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CALX

Calix

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WE

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EIC

Eagle Point Income Company

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TTS

Tile Shop

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