Barclays Upgrades FedEx (FDX) to Overweight

Barclays upgrades FedEx (NYSE: FDX) from Equal Weight to Overweight, and maintained their $71 price target, saying the market has underestimating the upside potential. They said by time investors on the sideline get "comfortable", shares are likely to be much higher.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.

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