Deutsche Bank Reports Solid Outlook for FDX

Deutsche Bank has published a report on FedEX 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. Results were constrained by severe weather and fuel which produced lost revenue and drove higher costs. These factors impaired earnings by an estimated $0.12/share y/y. While these items constrained results, we continue to see strong earnings improvement in FY2012 and beyond."

FDX is Buy Rated and has a $133 PT.

FDC closed at $87.89 yesterday.