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Stock Market & Financial Investment News

News Breaks
August 7, 2014
06:17 EDTFDXFedEx added to Focus List at Citigroup
Citigroup added FedEx to its Focus List saying the competitive dynamic in the U.S. small package market has improved in the company's favor. Citi reiterates a Buy rating on FedEx with a $170 price target.
News For FDX From The Last 14 Days
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September 30, 2014
05:34 EDTFDXFedEx continues retail expansion into Quebec with Super C
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September 29, 2014
16:22 EDTFDXFedEx board approves new 15M share stock repurchase program
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10:00 EDTFDXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
06:12 EDTFDXFedEx upgraded to Outperform from Market Perform at Cowen
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September 26, 2014
06:53 EDTFDXChina to open delivery sector to foreign firms, WantChinaTimes says
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September 19, 2014
16:24 EDTFDXStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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10:28 EDTFDXOptions with decreasing implied volatility
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07:18 EDTFDXWeb.com to hold a summit
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06:29 EDTFDXFedEx says potential adverse court ruling could impact results
FedEx said in a filing that on August 27, the Ninth Circuit reversed the district court decisions and held that the plaintiffs in California and Oregon were employees as a matter of law. "While we do not agree with the courtís decision and will ask the court to reconsider and petition for en banc review by the full Ninth Circuit Court of Appeals, during the first quarter of 2015 we established an accrual for the estimated probable loss in this case that was required to be recognized pursuant to applicable accounting standards. This amount was immaterial. Material exposure above the accrued amount, however, is reasonably possible, and accordingly we have undertaken a process to attempt to estimate a range of reasonably possible loss based on currently available information relating to the case. This process has included attempting to evaluate what facts may arise in the course of discovery and what legal rulings the courts may render and how these facts and rulings might impact FedEx Groundís loss. For a number of reasons, we are not currently able to estimate a range of reasonably possible loss in excess of the amount accrued. With respect to the matters that are pending outside of the Ninth Circuit, it is reasonably possible that potential loss in some of these lawsuits or changes to the independent contractor status of FedEx Groundís owner-operators could be material. We have undertaken a process to attempt to estimate a range of reasonably possible loss based on currently available information relating to these cases. We are not currently able to estimate a range of reasonably possible loss. We do not believe that a material loss is probable in these matters. In addition, we are defending contractor-model cases that are not or are no longer part of the multidistrict litigation. These cases are in varying stages of litigation, and we do not expect to incur a material loss in any of these matters."
September 18, 2014
13:55 EDTFDXFedEx upgraded to Outperform from Peer Perform at Wolfe Research
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10:27 EDTFDXOptions with decreasing implied volatility
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08:37 EDTFDXFedEx price target raised to $183 from $170 at RW Baird
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06:13 EDTFDXFedEx price target raised to $180 from $170 at Citigroup
Citigroup raised its price target for FedEx shares to $180 saying the company's "solid" Q1 results points to potential upside to FY15 estimates. Citi keeps a Buy rating on the stock.

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