Home / FedEx / Analyst lifts FedEx 2 notches to ‘Outperform’ (Newsday)

Analyst lifts FedEx 2 notches to ‘Outperform’ (Newsday)

NEW YORK (AP) — An analyst upgraded shares of FedEx Corp. to “Outperform” from “Underperform,” saying slight improvements in global package volume, wage cuts and the possible bankruptcy of a major trucking company will drive earnings — and in turn, shares — higher. Wolfe Research analyst Edward Wolfe also significantly raised his earnings estimates for the world’s second-largest package delivery …

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