So, after a less than glowing earnings report, Deutsche Bank moves the FDX target from $125 to $127 and expects earnings to come in at $9.38 in FY 2015 (ends in June 2015). That would be about a 50% increase over the current EPS results in a market where customers are selecting less time sensitive, and therefore, less profitable service options. So despite FDX admitting that significant cost cutting to turn things around, capacity reduction, decreased capex meaning lessened long-term investment, increased pension expense and margin recession are occurring that would be irrelevant to a seasoned analyst?? I wonder if they might consider my application for a junior analyst?
So glad there are some intelligent people out there following FDX's gross misrepresentation by so-called analysts. You know who's in DC most of the time hobnobbing with the elitists on the hill. Just read a report yesterday which painted FDX with golden brush. Immediately after, another report came out comparing the two companies and UPS won hands down. Nice to know there are some unbiased analysts out there.