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Fly News Breaks for March 30, 2017
FDX
Mar 30, 2017 | 07:55 EDT
As previously reported, Susquehanna analyst Bascome Majors upgraded FedEx to Positive from Neutral, saying he now sees the risk of missing out on the company's earnings and cash flow upside as greater than the downside risk from either bad execution or an economic downturn. He raised his price target on the shares to $237 from $203, as he expects progress toward Express and TNT combined profit improvement targets over the next three years.
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