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June 18, 2014
08:41 EDTFDXFedEx sees U.S. GDP growth for calendar 2014 of 2.2%
Says Ground and Freight "performing well," and Express remains on track to achieve its profit improvement plan despite the fuel headwinds the company has experienced. Says expectations for economic growth for remainder of the year have improved somewhat. Sees industrial production growth of 3.6% this year and 3.7% in calendar 2015. Says global economy recovering from Q1, says slowdown in China has steadily improved. Sees global GDP growth of 2.7% in calendar 2014 and 3.1% in calendar 2015. Sees U.S. GDP growth for calendar 2015 3.1%. Sees U.S. GDP growth this year affected by weather. Says will complete share repurchase program this year. Comments made on the Q4 earnings conference call.
News For FDX From The Last 14 Days
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February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx 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.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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