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FedEx Set To Lose $400 Million In Next Contract

FedEx Corp., the postal delivery service that is both partner with and rival to the U.S. Postal Service, is looking at a federal mail-flying contract that will drop revenue more than 27% in 2013, amidst a restructuring plan by the company. Once the current agreement expires and a new contract …

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FedEx draws outperform rating at Wells Fargo

NEW YORK (MarketWatch) — Wells Fargo on Friday initiated coverage of FedEx Corp. with an outperform rating and a price target of $102 a share to $106 a share over the next six-to-12 months. Analysts noted FedEx remains a beneficiary and facilitator of global trade, which may support intermediate-term growth. …

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