|November 30, 2012|
|16:02 EDT||FDX||FedEx Ground to increase 2013 rates|
FedEx will increase shipping rates for FedEx Ground and FedEx Home Delivery by a net average of 4.9% effective January 7, 2013. The FedEx Ground and FedEx Home Delivery full average rate increase of 5.9% will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by one percentage point. FedEx SmartPost rates also will change. Details of surcharge changes and new rates for FedEx Ground will be available on Dec. 7.
News For FDX From The Last 14 Days
Check below for free stories on FDX the last two weeks.
|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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|May 7, 2013|
|06:29 EDT||FDX||FedEx FY14 expectations need to come down, says Citigroup|
Citigroup believes consensus expectations for FedEx's FY14 need to come down before the stock can move higher. The firm lowered its FY14 earnings estimate for FedEx to $7.10 from $7.50 citing challenging fundamentals at Express, but keeps a Buy rating on the stock.