Wall Street Roundup: Is FedEx A Buy Ahead Of Earnings?

With the company set to release earnings on Wednesday, many FedEx Corporation FDX traders are wondering how the stock will react to the latest earnings numbers. However, long-term investors are likely much more interested in the outlook for the company in terms of months and years, rather than days.

What’s in store for FedEx in the long run? Here’s what several big-name Wall Street firms have had to say about the stock recently.

Barclays

Barclays analysts believe that “excess Express capacity has likely eroded some pricing power for FedEx,” and they believe that the current share price offers minimal upside potential. Barclays has an Equal Weight rating on FedEx and a $180 target for the stock.

Morgan Stanley

Morgan Stanley believes FedEx’s current guidance appears “very conservative” and could easily see the company exceeding low expectations.

Related Link: Oracle, Rite Aid And FedEx Highlight Quiet Earnings Week

UBS

UBS analysts see “attractive upside potential” to FedEx’s share price and predict “significant EPS growth over the next year.” UBS has a Buy rating on FedEx and a $195 target for the stock.

Citi

Citi analysts recently added FedEx to their Focus List and described fiscal 2016 as a “transformative year” for the company. Analysts see the stock’s late-year outperformance the past two years continuing in the second half of 2015. Citi has a Buy rating on FedEx and a $205 target for the stock.

Credit Suisse

Credit Suisse analysts predict that “the stock continues to work as the company right sizes its int’l fleet; while at the same time stays the course with respect to deploying capital toward the higher margin/ROIC Ground biz.” Credit Suisse has an Outperform rating on FedEx and a $206 target for the stock.

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