Goldman Sachs Positive on FedEx (FDX) Into Results
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Price: $84.24 +0.51%
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Goldman Sachs made positive comments on FedEx (NYSE: FDX) ahead of Q4 results on June 22 but is keeping their Neutral rating.
The firm sees an attractive setup into the release and sees upside given an attractive FY12 margin outlook and lowered investor expectations. The firm notes the stock is down 8% since June 1, versus the 6% slide int eh S&P.
Goldman is keeping their Neutral on FDX due to European M&A and a better risk-adjusted return profile for rival UPS (NYSE; UPS).
The firm's price target on FDX remains at $110.
For more ratings news on FedEx click here and for the rating history of FedEx click here.
Shares of FedEx closed at $86.49 yesterday.
The firm sees an attractive setup into the release and sees upside given an attractive FY12 margin outlook and lowered investor expectations. The firm notes the stock is down 8% since June 1, versus the 6% slide int eh S&P.
Goldman is keeping their Neutral on FDX due to European M&A and a better risk-adjusted return profile for rival UPS (NYSE; UPS).
The firm's price target on FDX remains at $110.
For more ratings news on FedEx click here and for the rating history of FedEx click here.
Shares of FedEx closed at $86.49 yesterday.
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