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Rating: FDX
Buy $175
down 13.00 %

Fedex Corporation (NYSE: FDX) reiterated to Buy with price target $175 by UBS

Thursday,  Sep 17, 2015  12:25 PM ET by Dave Ficere

UBS reiterated Fedex Corporation (NYSE: FDX) to Buy with price target $175. Previously UBS rated Buy with price target $195 Fedex Corporation (NYSE:
FDX) on 03/19/2015, when the stock price was $172.92. Since then, Fedex Corporation's stock price has lost 13% as of 09/17/2015's recent price of $150.20.
If you would have followed the previous UBS's recommendation on FDX, you would have lost 13% of your investment in 182 days.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.



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