The Fly

FedEx earnings expectations need to come down, says Deutsche Bank

Deutsche Bank analyst Amit Mehrotra says the "bad news" from FedEx’s fiscal Q2 results is that the full year guidance implies second half earnings expectations need to come down by about 13% even though the Q2 results were a bit ahead of consensus. "In absolute terms, it was a weak quarter," Mehrotra tells investors in a research note. On the positive side, it was clear that FedEx’s cost actions finally took hold, adds the analyst. Mehrotra has a Buy rating on FedEx with a $217 price target.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on FDX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More