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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:17 EDTFDXFedEx should be sold into strength, says Bernstein
After FedEx reported weaker than expected results, Bernstein is less confident in the company's restructuring initiative and lowered its projections for the company's Express unit. The firm recommends trimming positions in the name on strength, and lowered its price target on the shares to $136 from $141. It keeps a Market Perform rating on the shares.
News For FDX From The Last 14 Days
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February 9, 2016
12:50 EDTFDXAmazon working on global delivery business to challenge Alibaba, Bloomberg says
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07:45 EDTFDXUPS, FedEx face limited risk from Amazon initiative, says Bernstein
After Amazon (AMZN) launched a network of 23 sortation centers, Bernstein says that Amazon is carrying out postal injection operations, not building a ground delivery system. Moreover, Amazon's postal injection system is inferior to those of FedEx and UPS, and can only operate in the most dense areas, according to Bernstein, The firm keeps an Outperform rating on UPS and a Market Perform rating on FedEx.
February 2, 2016
05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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January 27, 2016
07:43 EDTFDXStephens says FedEx among favorites names over next 12-24 months
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