Mark Vickery

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Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: FedEx Corp. (NYSE: FDX), ValueClick, Inc. (Nasdaq: VCLK), BT Group Plc. (NYSE: BT), Rio Tinto Plc. (NYSE: RTP) and BASF (OTC: BASFY).

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Here are highlights from Friday's Analyst Blog:

FedEx Setting Decent Goals

We are maintaining our Hold on FedEx Corp. (NYSE: FDX), but raising our target price to $90. In line with earnings guidance provided on September 9, FDX reported 2009 fiscal first quarter (August 31) EPS of $1.23, which was up from earlier guidance of $0.80-$1, but down 23% year over year, largely due to a 66% increase in fuel costs.

We are raising our fiscal 2009 (May 31) diluted EPS estimate to $5.25 from $4.90, the high end of FDX diluted EPS guidance of $4.75- 5.25 and initiating our fiscal 2010 estimate at $6. Fuel surcharges will lag record high fuel costs and the weak economy will hurt LTL freight, U.S. express and copy services. Remedial actions include cost-control measures and cuts in capital spending. FDX recently increased its annual dividend rate by 10% to $0.44 per share, which provides a 0.5% yield.

ValueClick Worth Around $10

We maintain a Hold rating on the shares of ValueClick, Inc. (Nasdaq: VCLK), a Westlake Village, California-based online marketing services company.

VCLK is currently trading at a P/E multiple of 13.5x our 2008 earnings per share estimate of $0.71, a discount to the industry median. Although over the long-term we are very positive on online advertising growth, current economic conditions are creating significant headwinds for ValueClick and others in the industry.

BT Group Advantages Priced In

BT Group Plc (NYSE: BT) reported 1Q08 with in-line revenues and lower than expected earnings, helped by a lower effective tax rate. The company is moving ahead with the expansion of its 21CN network.

The company recently announced plans to invest Pounds 1.5 billion to make fibre-based, super-fast broadband available to as many as 10 million homes in the UK by 2012. BT Global continues to execute well, winning deals valued at Pounds 8.2 billion in the trailing- twelve month period. The company has been able to expand EBITDA margins due to its restructuring efforts, although pricing pressure is causing traditional revenues to decline.