FedEx likely to issue 2020 guidance cut says Cowen 

FedEx is likely to report a guidance cut for its 2020 figures during its 3QFY20 results on March 17, due to the ongoing impact of Covid 19, said analysts Cowen in report. In an analyst note Cowen said that  China is starting to recover which puts a three to four month   timeline for the virus to play itself out, and as a result it expects FedEx to issue a full year 2020 guidance cut. However, the analyst said that the firm’s recovery commentary was key. “We are lowering our estimates ahead of the print due to the expected impact of COVID-19 on