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Fly News Breaks for June 22, 2016
FDX
Jun 22, 2016 | 08:10 EDT
Stifel believes that FedEx reported "solid" Q4 results, driven by strong Ground revenue growth and the better than expected profitability of its Freight unit. The firm views the company as a "quality" name with a reasonable valuation. It raised its price target on the shares to $179 from $178 and keeps a Buy rating on the stock.
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