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Fedex Corporation (FDX) [hlAlert]

Rating:
Equal-Weight
FDX

Fedex Corporation (FDX) rated Equal-Weight with price target $96 by Lehman Brothers

Posted on: Thursday,  Jun 19, 2008  10:25 AM ET by Lehman Brothers

Fedex Corporation (FDX) rated
Equal-Weight with price target $96 by Lehman Brothers.

FedEx Corporation (FedEx) is a holding company. The Company provides a portfolio of transportation, e-commerce and business services through companies that compete collectively, operate independently and manage collaboratively, under the respected FedEx brand. These companies are included in four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. Federal Express Corporation (FedEx Express) is the express transportation company, offering time-certain delivery within one to three business days. FedEx Ground provides day-certain service to every business address in the United States and Canada, as well as residential delivery through FedEx Home Delivery. Effective June 1, 2009, Caribbean Transportation Services, Inc. (CTS), a provider of airfreight forwarding services between the United States and Puerto Rico, the Dominican Republic, Costa Rica and the Caribbean Islands, was merged with and into FedEx Express.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/19/2008 10:25 AM Hold
None
81.32 96.00
as of 12/24/2008
1 Week up  5.27 %
1 Month up  28.66 %
3 Months up  3.58 %
1 YTD down  -31.06 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2008 8:25 AM Hold
None
87.17 106.00

(*) Stock Price at the time of the recommendation.
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