FedEx: Immediate Amazon Threat Overstated

FedEx gets hit by Amazon fears every couple of years.
The online retail giant isn't even a 3% revenue customer.
Analyst estimates shouldn't take a hit from the expected growth of Amazon Air.
The stock is too cheap trading at about 10.4x FY20 EPS estimates.
The time to buy FedEx Corporation (FDX) is when the market gets anxiety over Amazon (AMZN) expanding into the package delivery space. While the large online retailer is always a threat, FedEx should continue riding the delivery economy higher.
Read the full article on Seeking Alpha. 
12/10 Update

BAML whacks the stock due to fears over an executive change at the Express division. Ironically, the call was made right into the above fears surrounding Amazon. This dip provides a clear opportunity to own a strong name on weakness below $200. Note that the analyst has $20 EPS targets with a $200 stock.
  • Bank of America Merrill Lynch drops FedEx to a Neutral rating after having it set at Buy and slides its price objective down to $220.
  •  "The company made a surprising change to its Express CEO, which we believe could signal a reduction or delay in its profit improvement target," warns the BAML analyst team.
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