UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Names $155 PT on FedEx Corporation as Stock Enters FY15 With Momentum

In a report published Thursday, Morgan Stanley analyst William J. Greene reiterated an Equal-Weight rating on

, and named a $155.00 price target. In the report, Morgan Stanley noted, “Consistent with our preview, F1Q15 results beat cons. expectations. While overall results were solid, Express results were arguably in line. We remain toward the lower end of mgmt's FY15 EPS guidance range as we'd like to see more evidence of cost cutting before raising our estimates further.” FedEx Corporation closed on Wednesday at $159.71.