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Zacks Analyst Blog Highlights: FedEx Corp., Shire Plc., The St. Joe Co., Aracruz Celulose S.A., Inc. And Joy Global Inc.
Thursday, October 09, 2008 12:19 AM


(Source: BUSINESS WIRE)trackingZacks.com

Mark Vickery

Web Content Editor

312-265-9380

Visit: www.zacks.com

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), Shire Plc. (Nasdaq: SHPGY), The St. Joe Co. (NYSE: JOE), Aracruz Celulose S.A. (NYSE: ARA) and Joy Global Inc. (Nasdaq: JOYG).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Wednesday's Analyst Blog:

FedEx Target Price Lowered

We are maintaining our Hold on FedEx Corporation (NYSE: FDX), but cutting our target price to $80. FDX will report second quarter results on December 18. We are retaining our fiscal 2009 (May 31) diluted EPS estimate at $5.25, the high end of FDX diluted EPS guidance of $4.75-5.25, as well as our fiscal 2010 estimate at $6.00.

Fuel surcharges will lag high fuel costs, and the weak economy will hurt LTL ["less-than-truckload"] freight, US express, and copy services. Remedial actions include cost-control measures and cuts in capital spending.

Shire Pharma Trading Fairly

Shire Limited (Nasdaq: SHPGY) is a specialty pharmaceutical company focused on three therapeutic areas: Central nervous system (CNS), gastro intestinal (GI), and renal disorders. Based in England, the company has operations in the U.S., Canada, France, Italy, Spain, and Germany. Shire Limited trades in the U.S. as an American Depository Receipt (ADR).

The company's ADHD [attention deficit hyperactivity disorder] franchise continues to perform very well, increasing market share to over 32%. Vyvanse, the company's new flagship ADHD product, continues to perform well and will be the key driver of the top- line.

St. Joe Co. a No-Go

The St. Joe Company (NYSE: JOE), a publicly held, operationally diverse real estate company, is based in Jacksonville, Florida. It is one of Florida's largest real estate developers. JOE is engaged in town, resort, commercial and industrial development in addition to land sales and commercial real estate operations. The company also has significant interests in the timber industry.

JOE continues to reduce headcounts and cap ex spending in response to a rapidly deteriorating residential Florida real estate market. In addition, the company has responded by paying off most of its debt which will allow the company to hold lots instead of selling into a depressed market.

Aracruz Ripped Down to Sell

Brazil-based Aracruz Celulose S.A.



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