Raymond James upgrades FedEx to outperform from market perform

Raymond James analyst Patrick Taylor Brown on Thursday upgraded FedEx Corp. FDX to outperform from market perform on bullish sentiment around its recent investor event in New York City under the theme “Drive.” Brown said the company “provided better visibility into key transformational changes that are likely to set to drive better margins, earnings and free cash flow in out-years.

Raymond James analyst Patrick Taylor Brown on Thursday upgraded FedEx Corp. FDX to outperform from market perform on bullish sentiment around its recent investor event in New York City under the theme “Drive.” Brown said the company “provided better visibility into key transformational changes that are likely to set to drive better margins, earnings and free cash flow in out-years.

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FedEx stock gains after company announces dividend boost, plans to consolidateFedEx Corp. plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will...
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