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News Breaks | | | | March 15, 2013 | | 15:50 EDT |  | ARCP, FDX | American Realty Capital announces acquisition of $8.8M FedEx property
American Realty Capital (ARCP) announced that it acquired a FedEx Ground distribution facility leased to a subsidiary of FedEx Corporation (FDX) with 68,425 rentable square feet located in Lowell, Arkansas for a purchase price of $8.8M at a capitalization rate of 9%. | |
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News For ARCP;FDX From The Last 14 Days Check below for free stories on ARCP;FDX the last two weeks. |
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| May 15, 2013 | | 08:02 EDT |  | FDX | FedEx should be bought on pullbacks, says RW Baird
Baird lowered its estimates on FedEx to reflect below consensus Q4 results and guidance. The firm cited continued international airfreight weakness but sees stabilizing signs. Baird remains constructive on the shares citing low investor sentiment and potential for margin improvements. Shares are Outperform rated with a $112 price target. | | | 07:31 EDT | | FDX | FedEx news should improve investor sentiment, says Oppenheimer
After FedEx announced that it anticipates delivering $1.65B of annualized profitability improvement by FY16, Oppenheimer believes that this news, along with a capacity cut and the company's recent win of a major Post Office contract, will improve investor sentiment towards the stock. The firm reiterates an Outperform rating on the shares. | | | May 14, 2013 | | 07:23 EDT |  | FDX | Oppenheimer to host a summit
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