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Zacks Investment Research Upgrades FedEx Co. (FDX) to Hold

2015-12-16 19:28:10| Air Courier - Topix.net

According to Zacks, "FedEx Corporation delivered mixed results in the first quarter of fiscal 2016 beating on revenues but missing on earnings. The prevalent weakness in the global economy and the strong U.S. dollar hurt quarterly results.The company also slashed its earnings per share outlook for fiscal 2016 primarily due to higher-than-expected costs at the FedEx Ground unit.

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