FedEx Up Sharply On Upgrade, Price Target Increase (FDX)

Fedex FDX is up sharply this afternoon, gaining $2.97 to $90.47, a gain of over 3% after Credit Suisse upgraded the name to Outperform. It also raised the price target to $98 to $111. UPS UPS is up 36 cents to $69.46, a gain of 0.5%.