FedEx Corporation (FDX) was reiterated as ‘Buy’ with a $186 from $169 price target on Thursday by UBS. The name was also raised to $174 from $171 at Stifel. The upgrades follow the delivery giant’s earnings beat for the quarter ending Feb. 29.
FedEx reported earnings of $2.51 per share on revenues of $12.65 billion, up 8% from a year ago. Analysts were expecting EPS of $2.35 on revenues of $12.38 billion.
Shares of FedEx are up 10.20% at $158.98 as of this writing.
Expedia Inc. (EXPE) was reiterated a ‘Buy’ by UBS analysts on Thursday. The broker however, cut its price target on the stock to $145 from $150. Separately, Cantor Fitzgerald continues to be bullish on the name reiterating its ‘Buy’ rating with a $180 price target.
So far this morning, EXPE is indicated down 1.79% at $112.25 on volume of more than 1 million shares.
PayPal Holdings, Inc. (PYPL) rating of ‘Outperform’ was reiterated today at Wedbush with a price target increase of $45 from $40 (versus a $39.84 previous close). The firm believes PayPal’s dual-sided network effect is underestimated, considering it represents 100 times more connections than Apple Pay, Visa Checkout and Amazon Payments.
PayPal Holdings recently traded at $39.77, a loss of $0.07 over Wednesday’s closing price. The name has a current market value of $48.63 billion.
Shares of Fastenal Company (FAST) are up $1.16 to $48.58 in late morning trading after Stifel reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by 2 points to $51 a share.
FAST closed at $47.42 on Wednesday and is currently trading up $1.13.
In the past 52 weeks, shares of the wholesale distributor have traded between a low of $34.45 and a high of $48.85 and are now trading at $48.55.
Shares are up 14.60% year-over-year and 17.09% year-to-date.
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