FedEx (FDX), UPS (UPS) Shares Rising as BB&T Upgrades to Buy

July 12, 2010 9:05 AM EDT
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Price: $186.35 -0.35%

Rating Summary:
    20 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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An analyst at BB&T Capital has upgraded shares of FedEx (NYSE: FDX) and UPS (NYSE: UPS) this morning, both from Hold to Buy.

The firm set a $100 price target on shares of FedEx and a $75 price target on UPS shares.

Both stocks are trading higher on the news this morning. At last check, FedEx shares were up 1.6% to $75.44 while shares of UPS were up 0.5% to $60.35.

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