fedex

Morgan Stanley is out with its report today on FedEx (NYSE: FDX), reiterating Overweight. In a note to clients, Morgan Stanley writes, "We believe the share price will rise in absolute terms over the next 60 days. This is because the stock has traded off recently, making short term valuation much...

Express Scripts Inc. (NASDAQ: ESRX) reported 1Q11 non-GAAP EPS of $0.66 below MS' $0.70 and consensus' $0.69, Morgan Stanley reports. “Results were driven be a decline in script count, down 5.2 million or 2.7% sequentially and down 0.3% y/y,” Morgan Stanley writes. “Previously announced contract...

Jefferies has issued a report on their views following meetings with the management of FedEx Corp. (NYSE: FDX). According to the report, "FDX described the strongest pricing environment in years during our management meetings last Friday. We have increased conviction that estimates can go higher,...

Dahlman Rose is raising its PT on shares of FedEx (NYSE: FDX) from $97 to $122. FedEx closed Thursday at $87.89.

Citigroup has published a research report on FedEx Corporation (NYSE: FDX) after the company reported solid demand despite missing 3Q analyst estimates. In the report, Citigroup writes "FDX reported F3Q11 normalized EPS of $0.81, below our $0.85 estimate and consensus at $0.83. As expected, rising...

Jefferies is maintaining its Buy rating on FedEx Corp. (NYSE: FDX). “While we brought our F4Q estimate back in line to $1.75 (we had been awaiting the call before revising F4Q), we make no changes to our F2012-13 estimates, nor our calendar year-end 2011 price target of $112 (27% upside),”...

Deutsche Bank has published a report on FedEX (NYSE: FDX) predicting a positive outlook for 2012. According to the report, "Yesterday, FDX reported FQ3 EPS of $0.81/share (which excludes $0.08/share of Freight restructuring costs)--inline with the company's lowered guidance of $0.70- 0.90/share....

J.P. Morgan has raised the Price Target for FedEx Corp (NYSE: FDX) from $114 to $116. According to the report, "We believe that the combination of better than expected 4QF11 guidance, constructive comments on demand trends, and a very upbeat outlook on pricing all support a positive outlook for...

JP Morgan has raised the price target on FedEx Corporation (NYSE: FDX) from $114 to $116 and maintains its Overweight rating.

In a report published by Piper Jaffray, it has greater conviction in FedEx's (NYSE: FDX) F2010 earnings upside potential post F3Q11 results. Piper Jaffray said that yesterday before the market FDX reported F3Q11 (ending Feb) continuing EPS of $0.81 – in the middle of the company's 2/14/11 downside...

Piper Jaffray has raised the price target on FedEx (NYSE: FDX) from $115 to 4116 and maintains its Overweight rating.

Goldman Sachs is out with its report today on FedEx (NYSE: FDX), maintaining Neutral. In a note to clients, Goldman Sachs writes, "FDX reported ongoing F3Q11 EPS (Feb end) of $0.81 vs. GS $0.85, consensus $0.82 and recent downwardly revised guidance of $0.70-$0.90. Higher sales were more than...

Piper Jaffray has issued a preview of FedEx's (NYSE: FDX) F3Q11 EPS, which will be officially reported on Thursday, 3/17. In the preview Piper Jaffray reports, "We believe investors' focus will be on (1) F4Q11 EPS guidance given FDX already downside pre-reported F3Q11 (2/14) due to weather and...

In a report by Deutsche Bank, although the EPS estimate has been lowered, FedEx's (NYSE: FDX) Price Target and Rating have remained unchanged. In the report Deutsche Bank writes, “FDX remains Buy-rated as we continue to see strong earnings upside in FY2012 as near-term cost headwinds moderate....

Piper Jaffray said that its initial transportation and logistics channel checks suggest 1Q11 demand has accelerated even despite inclement weather, “with March off to a very strong start.” “Given demand pick up capacity has tightened meaningfully with carriers we believe getting upside price in...