UPDATE: Fedex Corp. (FDX) Misses Q3 EPS by 16c; Issues Light Q4, FY13 Outlook

Go back to UPDATE: Fedex Corp. (FDX) Misses Q3 EPS by 16c; Issues Light Q4, FY13 Outlook

Goldman Maintains Buy on FedEx (FDX)

March 21, 2013 11:48 AM EDT

Goldman Sachs today maintained a Buy rating on FedEx (NYSE: FDX) with a price target of $115.00. Yesterday Fedex stock declined 6.9 percent after the company reported disappointed Q3 results.

Commenting on developments, analyst Tom Kim said, "We reiterate our Buy rating for FDX given... More

Jefferies Cuts Numbers on FedEx (FDX) After Third Quarter Struggles

March 21, 2013 9:17 AM EDT

Jefferies cut its price target on FedEx (NYSE: FDX) from $103 to $100 and maintained a Hold rating following Thursday's third quarter miss that reflected excess air capacity and the continuing (and accelerating) impact of a trade down in service from customers.

"While FDX... More

Analyst Says Buy FedEx (FDX) Weakness

March 20, 2013 8:57 AM EDT

This morning FedEx (NYSE: FDX) reported results that missed estimates.
Commenting on the news, analyst Helane Becker of Cowen Securities said, "The lower-than-expected earnings results was due to weak international air freight, industry overcapacity, and customers choosing slower modes of transportation, which negatively... More

FedEx (FDX) Boost Buyback Program by 10M Shares

March 20, 2013 7:36 AM EDT

FedEx Corp. (NYSE: FDX) has approved a buyback plan of up to 10 million shares.

These shares augment the remaining 188 thousand shares authorized for purchase under existing share repurchase programs. It is expected that the additional share authorization will primarily be utilized to offset... More

FedEx (FDX) Down 2.5% on Q3 Miss, Lower Outlook

March 20, 2013 7:35 AM EDT

FedEx Corporation (NYSE: FDX) is down a quick 2.5 percent on a Q3 earnings miss and lower guidance. Peer UPS (NYSE: UPS) should also be on watch also.... More