The Ratings Game: FedEx’s stock rallies in a bad market, with Wall Street encouraged by China ‘rebound’ [MarketWatch]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: MarketWatch
FedEx’s stock rallies in a bad market, with Wall Street encouraged by China ‘rebound’ Shares of FedEx Corp. surged Wednesday, to buck the sharp selloff in the transport sector and the broader stock market, as a fiscal third-quarter revenue beat and a rebound in its China business helped soothe Wall Street concerns over COVID-19-related uncertainties. The stock FDX, +4.97% ran up 5.0% to $99.68, despite the 10.4% tumble in the Dow Jones Transportation Average DJT, -6.65% and the Dow Jones Industrial Average’s DJIA, -6.30% 1,338-point, or 6.3% plunge. FedEx shares have lost 37.1% over the past month, while the Dow transports has shed 35.8% and the Dow industrials has given up 31.9%. Analyst Patrick Brown at Raymond James cut his price target to $150 from $167, but maintained the outperform rating he’s had on FedEx for at least the past three years. He said that despite the “fluid” negative impact of the COVID-19 pandemic, which comes on the heels of trade uncertainty, a slow gl
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News
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Barclays PLC from $350.00 to $365.00. They now have an "overweight" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Citigroup Inc. from $301.00 to $331.00. They now have a "buy" rating on the stock.MarketBeat
- FedEx strengthens capabilities in Latin America with new flight routes [Yahoo! Finance]Yahoo! Finance
- FedEx (FDX) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 9/19/24 - Miss
FDX
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- FDX's page on the SEC website