Will FedEx (FDX) Stock be Helped by This Analyst Action?

NEW YORK (TheStreet) -- FedEx Corp. (FDX) stock price target was raised to $216 from $209 at Deutsche Bank which reiterated its "buy" rating.

"We believe FedEx will issue an upbeat fiscal year 2016 outlook given tailwinds from its profit improvement plan (PIP), secular e-commerce growth, and competitor pricing initiatives," Deutsche Bank analysts said.

FedEx is expected to deliver solid fourth quarter results on June 17, according to the analyst note.

The firm increased estimated earnings for the quarter to $2.90 per share from $2.68, with full-year 2016 earnings estimated at $11.62 per share.

FedEx offers a broad range of domestic and international shipping services for delivery of packages, and provides a portfolio of transportation, e-commerce and business services under the FedEx brand.

Shares of FedEx are down 0.56% to $182.61 in afternoon trading Monday.

Separately, TheStreet Ratings team rates FEDEX CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate FEDEX CORP (FDX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins."

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