Barclays Maintains an 'Overweight' on FedEx (FDX); Q4 Preview: The Outlook That Counts
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Price: $97.82 -1.29%
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade FDX Now!
Barclays maintains an 'Overweight' on FedEx (NYSE: FDX) price target of $119.00.
Analyst, Brandon R. Oglenski, said, "FedEx Q4 earnings will likely prove another volatile event contingent on forward guidance. Fuel is down, pension is moving higher and the company appears to be practicing greater capacity discipline; all of which will play on the outlook. International demand remains the missing upside component and we don't expect much upbeat management commentary along that front." (Barclays lowers FY12 EPS estimate from $6.59 to $6.58 and FY13 from $7.55 to $7.45)
Oglenski rated FDX as a Top Pick within the Transportation sector. FedEx reports Q4 earnings on June 19, 2012.
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 $86.84 yesterday, with a 52 week range of $64.07-$98.66.
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Analyst, Brandon R. Oglenski, said, "FedEx Q4 earnings will likely prove another volatile event contingent on forward guidance. Fuel is down, pension is moving higher and the company appears to be practicing greater capacity discipline; all of which will play on the outlook. International demand remains the missing upside component and we don't expect much upbeat management commentary along that front." (Barclays lowers FY12 EPS estimate from $6.59 to $6.58 and FY13 from $7.55 to $7.45)
Oglenski rated FDX as a Top Pick within the Transportation sector. FedEx reports Q4 earnings on June 19, 2012.
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 $86.84 yesterday, with a 52 week range of $64.07-$98.66.
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