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FedEx (FDX) Stock Higher Today After Credit Suisse Upgrade

2015-02-27 15:07:26| Air Courier - Topix.net

The firm also hiked its price target to $203 from its previous $177, citing higher base year 2016 EBIT and a higher return on incremental invested capital assumption. Analysts said the upgrade reflects the shift in focus towards its U.S. Ground network capacity, which breeds better margins and returns.

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