Option Millionaires

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$FDX


Ahead of earnings, Baird says use any pullbacks in FedEx to buy
Baird analyst Benjamin Hartford said pressure on Ground segment margins from ongoing investments could lead to below-consensus Q2 earnings from FedEx when the company reports after market close next Tuesday, December 20. However, FedEx remains his top large-cap idea, given its longer-term opportunity for sustained capital return improvements and 10-15% EPS growth and he would use any pullbacks due to near-term issues as a buying opportunity. Arguing the stock warrants a higher multiple, Hartford increased his price target to $209 from $191 and keeps an Outperform rating on FedEx shares