FedEx upgraded by Argus
Fedex (NYSE: FDX) has been upgraded to Buy from Hold by Argus, which establishes a $97 price objective. Lower labor and fuel costs, allied to market share gains, could augur well for earnings of FDX. The FDX has just showed disspointing results for Q2 last week following which the FDX stock showed some correction. The FDX currently quotes at $75.4, and is witnessing higher volumes.
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