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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:58 EDTFDXFedEx Street estimates will have to be reset, says RW Baird
Baird believes Street estimates for FedEx may be too high and will need to be reset. The firm also sees some risk upon the introduction to 2015 guidance, but adds that accelerating Express EBIT margin improvement is a critical catalyst for the stock and should lead to better visibility. Baird has an Outperform rating with a $167 price target on FedEx.
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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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