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FedEx Chairman Contradicts Fed Chief, Sparking Downgrades (Update 1)

FedEx story updated from 8:17 a.m. ET to include additional downgrade from JPMorgan. NEW YORK (TheStreet) — FedEx was downgraded by Morgan Stanley and JPMorgan Wednesday following weak 2014 guidance. The downgrades come after FedEx reported strong fourth-quarter earnings on Wednesday but issued cautious guidance for 2014 that flies in the face of decidedly more upbeat remarks from Fed Chairman …

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