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News Breaks | | | | September 6, 2012 | | 06:20 EDT |  | FDX | FedEx's stock could be 'grounded' for now, Barron's contends
FedEx's (FDX) underperformance may continue up to the Sept. 18 release of earnings and into October, when the company is expected to detail a planned restructuring on top of fleet changes already announced, Barron's reports. FedEx stock has historically traded at a 10% premium to the S&P 500. However, Jefferies analyst Peter Nesvold -- who has a Hold rating and a $103 price target on the stock -- cautions that cyclical stocks look cheap when earnings are near a peak. With no clear catalyst for improvement in the global economy, in demand for goods or in profits, investors may want to consider FedEx stock ‘grounded’ for now. Reference Link | |
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News For FDX From The Last 14 Days Check below for free stories on FDX the last two weeks. |
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| May 23, 2013 | | 05:45 EDT | | FDX | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
 Subscribe for More Information | | | 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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