FedEx Corporation (FDX) Maintains Buy Rating

Jesup & Lamont has maintained its Buy rating for FedEx Corporation (NYSE: FDX).

FedEx shares have been strong in recent times as the company prepares to release earnings for the third-quarter on March 17. Jesup & Lamont believes that the company’s February quarter EPS were helped by relatively strong volume during the entire quarter, and not just beginning of December.

The biggest issue to affect the company in recent past has been the Railway Labor Act, and the fact that FedEx is classified as an airline, and not as a trucking company. As a result, the company is governed by rules set by the Railway Labor Act, and not those set by National Labor Relations Board.

Jesup & Lamont has set a price target of $100 for FedEx Corporation stock.