FedEx Corp. Reports Higher First Quarter Earnings, Increases Fiscal 2019 Earnings Per Share Outlook

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Go back to FedEx Corp. Reports Higher First Quarter Earnings, Increases Fiscal 2019 Earnings Per Share Outlook

FedEx (FDX) PT Lowered to $307 at Credit Suisse

September 18, 2018 8:49 AM EDT

Credit Suisse analyst, Allison Landry, lowered the price target on FedEx (NYSE: FDX) to $307.00 (from $315.00) while maintaining a Outperform rating following the company's 1Q miss.

Credit Suisse raised FY19 EPS estimate to $17.35 from $17.32; as lower EBIT (-$0.42) was offset by higher net interest... More