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letamp;#39;s bring in City groupamp;#39;s head of global Transportation research Chris weatherbe is BU rating and a $300 price Target on the stock Chris I have to ask you you keep in that bu rating as those shares slip further and further away from the $300 price Target yeah we we continue to be fairly constructive on FedEx thereamp;#39;s no question that the results last night were disappointing and not what we were expecting in particular in the express segment which was docHubly worse than what we had modeled and definitely different from really any normal historical seasonality for their fiscal second quarter what we think though is the underlying businesses within ground and Freight weamp;#39;re doing quite well and if you think about where we are in the economic and Freight cycle the express business is kind of at a trough volume standpoint with trough margins over the next 12 to 18 months we expect the cycle to get stronger so buying that weakness today in our opinion w
