FedEx (FDX) June weekly volatility elevated into Q4 EPS and outlook
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FedEx (FDX) PT Raised to $240 at BofA/Merrill Lynch Following 4Q
June 21, 2017 8:57 AM EDTBofA/Merrill Lynch raised its price target on FedEx (NYSE: FDX) to $240.00 (from $230.00) while maintaining a Buy rating following 4Q report. FedEx reported adjusted EPS of $4.25, up 29% year-over-year, 9% above consensus $3.89 estimate. Revenues were $15.73 billion, up 21% year-year, and $188 million above BofA/Merrill Lynch's target, with... More
