FedEx sees 2014 global economic growth of 2.8% Sees 2015 global economic growth of 3.1%. FedEx said it expects economic growth to look better in calendar 2014 than in calendar 2013, though growth remains moderate overall. FedEx global growth outlook presented on FedEx Q3 earnings conference call.
FedEx upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.