FedEx (FDX) Misses Q2 EPS by 11c; Affirms FY15 Outlook
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Goldman Sachs Upgrades FedEx (FDX) to Conviction Buy
December 18, 2014 6:38 AM ESTGoldman Sachs upgraded FedEx (NYSE: FDX) from Neutral to Conviction Buy with a price target of $211.00 (from $173.00). Analyst Tom Kim has increased confidence in EPS growth.
."On our estimates, its two-year forward EPS CAGR should be 27%, among the highest in our coverage. We believe there are three key drivers: (1) execution on self-help in Express; (2) a stronger pricing cycle... More
FedEx (FDX) Acquires Cross-Border Enablement Tech Provider, Bongo Int'l
December 16, 2014 4:01 PM ESTFedEx (NYSE: FDX) announced that it acquired Bongo International, a leader in cross border enablement technologies and solutions. Bongo Internationals capabilities complement and expand the FedEx portfolio of offerings important to the rapidly growing global e-commerce marketplace.
Bongo Internationals technology and processes provide a comprehensive and integrated end-to-end solution that helps retailers and e-tailers grow by reaching... More
