FedEx shares undervalued, says Citigroup After meeting with FedEx's management, Citigroup doesn't believe that the stock adequately reflects near trough fundamentals or the near-term earnings catalysts FedEx will receive from its restructuring initiative. The firm notes that one-third of restructuring benefits are expected to occur in FY14 and it expects the stock to be boosted by progress towards restructuring goals. The firm reiterates a Buy rating.
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