UBS maintains its Buy rating on FedEx (FDX -1.1%) despite the company lopping off a sizable...


UBS maintains its Buy rating on FedEx (FDX -1.1%) despite the company lopping off a sizable portion of its estimate for FQ1 profits. Analysts took some consolation that FDX left its forecast for full year EPS alone. With a reduced price target of $110, UBS still sees significant upside potential.

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