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2020-02-18 02:05:20 官方地址:http://pm2517.com 浏览次数 723751
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FedEx Falls on 20

19 Forecast Cut, Multiple Brokerages Lower Price Target Shares of FedEx Corp.

fell

about 7 percent before the bell on March 20 after the package delivery comp

any cut

its 2019 profit forecast for the second time blaming sl

owing global trade growth and continued weakness in its in

ternatio

nal Express business.The profit warning and w

eak quarterly results have resulted in a slew of price target cuts, with Morgan Stanley cutting to $148 from $156, as the full year forecast cut was much bigger than expected and implied a tough fourth quarter.In Decembe

r, FedEx had slashed its forecast, citing a sharp d

ownturn in worldwide trade, and now expects to earn between $15.10 and $15.9

0 per share this year. Analysts had expected full-year earnings per share of $15.97 for 2019.J.P. Morgan expects 

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