Goldman Sachs Maintains a 'Buy' on FedEx (FDX); Expected The Reduction
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UBS Maintains a 'Buy' on FedEx (FDX); Cutting Estimates on Guide Down
September 5, 2012 10:01 AM EDTUBS maintains a 'Buy' on FedEx (NYSE: FDX) price target of $110.00 (from $117.00).
Analyst, Kevin Crissey, said, "FedEx announced that its previous EPS guidance of $1.45 to $1.60 for the quarter was too high after re-assessing FedEx Express revenue growth. Mgmt identified weakness in the... More
Wells Fargo Downgrades FedEx (FDX) to Market Perform After Warning
September 5, 2012 7:57 AM EDTWells Fargo downgraded FedEx (NYSE: FDX) from Outperform to Market Perform and lowered their valuation range from $100.00 to $104.00 to $89.00 to $93.00, following last night's first quarter warning.
The firm lowered... More
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
After-Hours Movers 9/4: (GRWE) (FB) (PBY) Higher; (FRAN) (FDX) (BLMN) Lower (more...)
September 4, 2012 6:06 PM EDTGuidewire Software (NYSE: GWRE) 11% HIGHER ; post better-than-expected fourth quarter results.
Bloomin Brands (NASDAQ: BLMN) 5% LOWER... More
Market Wrap: U.S. Manufacturing on the Ropes; One Week Until iPhone; Parcel Shippers Pinched
September 4, 2012 5:41 PM EDTMarket wrap-up for September 4th
End of the Day: Dow Jones down 54.9 to 13,035.94; S&P 500 down 1.6 to 1,404.94; Nasdaq up 8.1 to 3,075.06
The following is a brief summary of events moving markets today:U.S. manufacturing continues hitting road block: ISM reported its Manufacutring PMI in August slowed to 49.6, its lowest reading since July 2009.
Coupled with dire... More
UPS (UPS) Slumps as Peer FedEx (FDX) Issues Warning
September 4, 2012 5:24 PM EDTUnited Parcel Service Inc.(NYSE: UPS) shares are ticking lower in late trading Tuesday following peer FedEx (NYSE: FDX) cutting its outlook for first-quarter of its fiscal 2013 reporting year. UPS is down about 1.8 percent on the news.
FedEx trimmed its outlook from $1.45 - $1.6 down to $1.37 - $1.43. The consensus was at $1.56.... 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
