Dahlman Rose Reiterates a 'Buy' on FedEx (FDX); Using Pullback as Buying Opportunity
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Price: $102.16 +0.97%
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade FDX Now!
Dahlman Rose reiterates a 'Buy' on FedEx (NYSE: FDX) price target of $104.00.
Dahlman analyst said, "We believe the stock's underperformance following the earnings results creates a buying opportunity, as the company's slightly tempered macro expectations should be offset by cost containment stemming from continued capacity realignments...Due to the earnings beat, we are raising Our FY12 EPS estimate to $6.40 from $6.30, while fine-tuning our FY13 EPS estimate to $7.50, from $7.55."
For an analyst ratings summary and ratings history on FedEx click here. For more ratings news on FedEx click here.
Shares of FedEx closed at $92.50 yesterday, with a 52 week range of $64.07-$98.66.
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Dahlman analyst said, "We believe the stock's underperformance following the earnings results creates a buying opportunity, as the company's slightly tempered macro expectations should be offset by cost containment stemming from continued capacity realignments...Due to the earnings beat, we are raising Our FY12 EPS estimate to $6.40 from $6.30, while fine-tuning our FY13 EPS estimate to $7.50, from $7.55."
For an analyst ratings summary and ratings history on FedEx click here. For more ratings news on FedEx click here.
Shares of FedEx closed at $92.50 yesterday, with a 52 week range of $64.07-$98.66.
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