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Fly News Breaks for March 19, 2015
FDX
Mar 19, 2015 | 07:17 EDT
UBS noted FedEx gave soft Q4 guidance, but they believe it is due to a significant increase in incentive compensation and a modest year-over-year fuel headwind. The firm believes improvement at Express will be the key driver for the stock. UBS reiterated its Buy rating and raised its price target to $195 from $190 on FedEx shares.