News Breaks |
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| December 12, 2012 |
| 06:52 EDT |  | FDX | FedEx downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded FedEx based on reduced earnings visibility given expectations for a cautious tone to guidance. Price target lowered to $100 from $106. |
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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. |
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| 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. |
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| 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. |
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