Whopping $50bn FedEx Freight? Or?
Running the numbers
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
SEEKING ALPHA reports:
Credit Suisse started off coverage on the transportation and logistics sector with a broadly positive view.
The firm pointed to the steep discounts with transports to the broader market and strong fundamentals.
“We see many transportation companies as having strong fundamentals to support their valuations, with less dependence on upbeat narratives relative to other areas of the market,” wrote analyst Ariel Rosa. “We believe current valuations present many attractive opportunities for investors with a long-term horizon,” added Rosa.
Credit Suisse reiterated an Outperform rating FedEx (NYSE:FDX). Even though the shipper faces operational uncertainties, Rosa and team view its current valuation as too cheap given its integral role in global logistics. Potential upside to consensus EPS is seen as FDX shifts its focus to revenue quality and nears the completion of its integration of TNT Express, which is expected to boost margins…
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