FedEx forecasts higher profit for FY 2018

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Go back to FedEx forecasts higher profit for FY 2018

FedEx (FDX) PT Raised to $240 at BofA/Merrill Lynch Following 4Q

June 21, 2017 8:57 AM EDT

BofA/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

FedEx (FDX) PT Raised to $235 at UBS; '4Q Beat + Solid F18 Guidance Likely to Support Further Upside for FDX Stock'

June 21, 2017 8:20 AM EDT

UBS raised its price target on FedEx (NYSE: FDX) to $235.00 (from $215.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.

Analyst Thomas Wadewitz notes the company delivered fourth quarter earnings per share and revenue results above consensus projections, driven by... More

FedEx (FDX) PT Raised to $235 at Deutsche Bank on 4Q Beat; 'Guidance Implies Underlying Operating Margin Expansion'

June 21, 2017 6:40 AM EDT

Deutsche Bank raised its price target on FedEx (NYSE: FDX) to $235.00 (from $210.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.

Analyst Amit Mehrotra notes the company delivered fourth quarter earnings per share and revenue results above consensus,... More