meszaros
Short

FedEx's exchange rate is declining.

NYSE:FDX   FEDEX CORP
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FedEx's exchange rate is declining. Our assumption is that the exchange rate drop will continue at nearly the same rate. Our primary target price is 180.87 usd. We will pick up a long position again from this level. At this point, the correction axis will be the target price near usd 213.67.
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