Jefferies Reports On FDX Management Meetings

Jefferies has issued a report on their views following meetings with the management of FedEx Corp. FDX. According to the report, "FDX described the strongest pricing environment in years during our management meetings last Friday. We have increased conviction that estimates can go higher, and see 50% upside to peak-cycle valuations." FDX has a Buy Rating and a $112.00 Price Target. FDX closed Friday at $90.28.