FedEx (FDX) PT Raised to $162 at Baird Following 4Q

FedEx (FDX) PT Raised to $167 at Cowen Following 4Q

Cowen analyst Helane Becker raised the price target on FedEx (NYSE: FDX) to $167.00 (from $156.00) while maintaining an Outperform rating following the company's 4Q earnings report. FedEx reported a strong 4QFY20 on better than expected margin performance at Ground. The company is benefiting from ongoing... More

FedEx (FDX) PT Raised to $100 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the price target on FedEx (NYSE: FDX) to $100.00 (from $98.00) while maintaining a Equalweight rating.... More

S&P, Nasdaq close higher on vaccine hopes, improving data

By Chuck Mikolajczak

NEW YORK (Reuters) - The S&P 500 and Nasdaq indexes closed higher on Wednesday to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns was likely.

Pfizer Inc's shares rose more than 3% after the drugmaker said a COVID-19 vaccine being developed with German biotech firm BioNTech showed promise and was found to be well-tolerated in early-stage human trials.

The gains put Pfizer among the top boosts to both the S&P 500 and Dow Industrials while helping improve the... More

FedEx (FDX) PT Raised to $177 at BofA Securities

BofA Securities analyst Ken Hoexter raised the price target on FedEx (NYSE: FDX) to $177.00 (from $160.00) while maintaining a Buy rating.... More

FedEx (FDX) PT Raised to $165 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the price target on FedEx (NYSE: FDX) to $165.00 (from $150.00) while maintaining a Outperform rating.... More

FedEx (FDX) PT Raised to $150 at BMO Capital

BMO Capital analyst Fadi Chamoun raised the price target on FedEx (NYSE: FDX) to $150.00 (from $130.00) while maintaining a Market Perform rating.... More

FedEx (FDX) PT Raised to $155 at Barclays

Barclays analyst Brandon Oglenski raised the price target on FedEx (NYSE: FDX) to $155.00 (from $135.00) while maintaining a Equalweight rating.... More

FedEx (FDX) PT Raised to $181 at UBS After Beating EPS by ~60%

UBS analyst Thomas Wadewitz raised the price target on FedEx (NYSE: FDX) to $181.00 (from $158.00) after the company reported 4QF20 EPS of $2.53, well above consensus of $1.58. Revenue growth of 20% was much stronger than expected while both Ground and Express margins beat expectations.

The analyst... More

FedEx (FDX) PT Raised to $171 at Credit Suisse

Credit Suisse analyst Allison Landry raised the price target on FedEx (NYSE: FDX) to $171.00 (from $150.00) while maintaining a Outperform rating.... More

FedEx (FDX) PT Raised to $176 at Bernstein

Bernstein analyst David Vernon raised the price target on FedEx (NYSE: FDX) to $176.00 (from $147.00) while maintaining a Market Perform rating.... More

UPDATE: JPMorgan Upgrades FedEx (FDX) to Overweight

(Updated - July 1, 2020 5:58 AM EDT)

(updating comment)

JPMorgan analyst Brian Ossenbeck upgraded FedEx (NYSE: FDX) from Neutral to Overweight with a price target of $150.00 (from $145.00).

The analyst comments "Ground remains in the drivers seat at FedEx as the fastest growing and... More

Options expected to have increasing volume: FDX SCS GIS

Options expected to have increasing volume: FDX SCS GIS

DHL temporarily suspends Chinese import shipments to India

By Maria Ponnezhath

(Reuters) - German logistics company DHL said on Wednesday it had temporarily suspended picking up import shipments from China to India, after border tensions between the countries led to clearance delays.

Another prominent freight transporter FedEx Corp (NYSE: FDX) said it was facing backlogs beyond its control, leading to congestion at facilities.

"We will continue to monitor the situation and... More

After-Hours Movers 06/30: (TTOO) (AKRO) (FDX) Higher; (CHMA) (DENN) Lower (more...)

After-Hours Movers

T2 Biosystems, Inc. (NASDAQ: TTOO) 47.2% HIGHER; announced the completion of validation of its COVID-19 molecular diagnostic test, the T2SARS-CoV-2 Panel. The test was developed by T2 Biosystems under a license agreement with the Center of Discovery and Innovation at Hackensack Meridian Health and is being commercially distributed after validation meeting requirements for an Emergency Use Authorization (EUA)... More

FedEx shares jump over 9% as quarterly results top expectations

LOS ANGELES (Reuters) - Shares of FedEx Corp (NYSE: FDX) jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.

Adjusted profit at Memphis-based FedEx fell by almost 50% to $663 million, or $2.53 per share, for the quarter ended May 31. Revenue slipped to $17.4 billion from $17.8 billion a year earlier.

Analysts, on average, expected a profit of $1.52 per share on revenue of $16.4 billion, according to Refinitiv IBES data.

UPS (UPS) Trades Higher in Sympathy with FedEx (FDX) Following EPS Beat

UPS (NYSE: UPS) Trades Higher in Sympathy with FedEx (NYSE: FDX) Following EPS Beat

FedEx (FDX) Tops Q4 EPS by $1.01, Doesn't Provide Earnings Forecast for FY21

(Updated - June 30, 2020 4:04 PM EDT)

FedEx (NYSE: FDX) reported Q4 EPS of $2.53, $1.01 better than the analyst estimate of $1.52. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $16.49 billion.

Though our fiscal fourth quarter performance was severely affected by the COVID-19 pandemic, I am extremely proud of the herculean efforts of our team members, said Frederick W. Smith, FedEx Corp. chairman and CEO. With safety as the first priority, these men and women provided essential transportation of critical supplies across the globe and delivered peak-level e-commerce... More

COVID-19 delivery surge strains FedEx service, opening doors for UPS

By Lisa Baertlein

LOS ANGELES (Reuters) - A months-long flood of coronavirus-related e-commerce packages is straining service FedEx Corp (NYSE: FDX), giving rival United Parcel Service Inc (NYSE: UPS) an opportunity to steal market share, customers and consultants told Reuters.

While every U.S. package carrier is fighting to manage unexpected demand for home deliveries of bicycles, patio furniture, medicine and food, FedEx entered the pandemic in turnaround mode and is grappling with an inflexible business structure that is contributing to service disruptions in California and Michigan.

FedEx (FDX) July weekly 140 straddle priced for a move of 7% into quarter results

FedEx (NYSE: FDX) July weekly 140 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

FedEx (FDX) calls active as shares rally 3.2% into quarter results and outlook

FedEx (NYSE: FDX) July weekly call option implied volatility is at 111, July is at 55; compared to its 52-week range of 22 to 137 into the expected release of quarter results today after the bell. Call put ratio 1.6 calls to 1 put.

FedEx (FDX) PT Raised to $140 at Susquehanna

Susquehanna analyst Bascome Majors raised the price target on FedEx (NYSE: FDX) to $140.00 (from $100.00) while maintaining a Neutral rating.

China releases FedEx pilot after nine month long detention

SHANGHAI (Reuters) - Chinese authorities have released a U.S. pilot for FedEx Corp (NYSE: FDX) who was detained last year on suspicion of smuggling weapons and ammunition, the pilot's lawyer said.

Todd Hohn, a former U.S. Air Force pilot, was detained in September in the southern city of Guangzhou after he piloted a FedEx freighter aircraft. Chinese authorities said at... More

FedEx (FDX) IV bid into quarter results and outlook

FedEx (NYSE: FDX) July weekly call option implied volatility is at 100, July is at 59; compared to its 52-week range of 22 to 137 into the expected release of quarter results after the bell on June 30. Call put ratio 2.1 calls to 1 put.