Wells Fargo Downgrades FedEx (FDX) to Market Perform After Warning
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Jefferies Maintains a 'Hold' on FedEx (FDX); Cutting Numbers on Lowered Guidance
September 5, 2012 7:16 AM EDTJefferies maintains a 'Hold' on FedEx (NYSE: FDX) price target of $98.00 (from $103.00).
Analyst, Peter Nesvold, said, "Last night, FDX guided down F1Q:13 by $0.16 (or 10%) at the midpoint of the new guidance range below consensus on softer than expected revenue... More
FedEx Corp. (FDX) Guides Lower for Q1
September 4, 2012 5:20 PM EDTFedEx Corp. (NYSE: FDX) announced that earnings for the first quarter ended August 31, 2012 are expected to be in the range of $1.37 to $1.43 per diluted share, compared to $1.46 per diluted share last year. The companys original first quarter forecast was for earnings of $1.45 to $1.60 per diluted... More
