Opportunities this week:
- FedEx (Overweight PT: $327 Upside 4%): FedExFreight spin off confirmed for June / removal from ACL and price change from $282 to $327.
- Cairn Homes (Overweight PT €2.46 Upside 16%): Stock update and outlook ahead of trading statement, released tomorrow, 20th January.
- L’Oreal (Overweight PT: €432 Upside 12.3%): Reiterate overweight and increase price target from €415 to €432 given a number of key growth drivers.