Jefferies Comments On FedEx F4Q Results

According to Jefferies, FedEx FDX reports F4Q on Wednesday morning. Jefferies said that expectations are especially low heading into the report, suggesting a potential relief rally on inline F4Q results and F2012 guidance. “We believe fuel concerns are overblown, and that pricing is more important than volumes currently for FDX.” FedEx closed on Friday at $86.99.