Piper Jaffray Maintains Overweight on FedEx - FedEx (NYSE:FDX)

27% profit every 20 days?

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Piper Jaffray is out with its report today on FedEx (NYSE: FDX), maintaining Overweight.In its report, Piper Jaffray writes, "Near term FDX is flexing down costs at Express to deal with lesser volume in the network however we believe there is some risk to management's F2012 EPS guidance in the second half of the fiscal year without economic growth reacceleration. We've modestly tweaked down our EPS estimates and maintain our Overweight rating."Piper Jaffray maintains a $116 PT on FDX.At the time of posting, shares of FDX were trading pre-market at $65.97, down 0.92% from Thursday's close.

27% profit every 20 days?

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