FedEx To Report 2Q Earnings On 12/16

Goldman Sachs has published a research report on FedEx Corporation FDX in anticipation of the company's 2Q earnings call which is scheduled for December 16. In the report, Goldman writes "Management has in the past provided targets below Street expectations. This could occur again this quarter, given tough upcoming comparisons—strong international priority revenue/pricing in 3QFY10 (last year) was driven by a surge in Asian exports and tight capacity. We note FedEx stock has recently outperformed (+8.5% since November 1 vs. S&P +3.2%) and traditionally runs up the week of earnings (8Q average +4%) while underperforming on the print." Goldman Sachs maintains its Neutral rating and has raised the price target from $95 to $100. FedEx Corporation closed Friday at $95.00