DB: Outlook Bright For FedEx Corporation (FDX)

Deutsche Bank (DB) was quite optimistic with FedEx Corporation (FDX) after Investor Meetings.

In a research note to investors, DB writes that it sees strong margin improvement in fiscal 2012 and beyond for the $27 billion market cap Memphis, Tennessee – based company.

“We came away from FDX’s investor meetings with increased conviction in our long-term bullish thesis” DB notes in its research.” The stock remains one of our favorite transport stocks given a compelling risk/reward as we believe shares could double over the next few years as earnings growth accelerates, margins improve, and cash generation increases.”

DB recommends ‘Buy’ FedEx stock as it believes the current levels do not reflect the stock’s fair value.

FDX gained 6 cents, or 0.07%, to $86.43 in recent action.

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About Ron Haruni 1064 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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