Summary: RBC Capital raises price target on Union Pacific to $288 and maintains Outperform rating as part of Q3 results preview for Class 1 Railroads. Firm cites new CEO appointment and expects improved operating performance.
Full articleSummary: FedEx's recent earnings report was weaker than expected, prompting a sharp sell-off of its stock. Investors are now looking to see how FedEx's performance could impact its rival UPS ahead of UPS's third-quarter 2024 earnings report.
Full articleSummary: FedEx (NYSE: FDX) reported weaker-than-expected first-quarter 2025 earnings, cutting its full-year revenue and earnings guidance, leading to a sharp stock selloff.
Full articleSummary: FedEx driver prevents package theft with the help of homeowner and police investigation.
Full articleSummary: FedEx received its twentieth Cessna 408 SkyCourier from Textron Aviation in early September.
Full articleSummary: FedEx stock has entered an official bear market after a significant selloff, primarily due to weakness in business shipping volumes and frequencies. While still facing challenges, some Wall Street analysts remain bullish on FedEx, anticipating significant EPS growth in the next 12 months.
Full articleSummary: Argus lowers price target on FedEx to $300 from $335 but maintains Buy rating due to perceived value in current weakness, solid balance sheet, and positive outlook signaled by management.
Full articleSummary: FedEx Corp tanked 15% after reporting a decline in quarterly profit and lowering full-year earnings guidance, citing customers trading down for cost-saving measures.
Full articleSummary: FDX reported a challenging Q1 with weaker-than-expected demand environment. Actions are being taken to focus on structural cost reduction through DRIVE and executing network transformation plans. Confidence remains in value-creation opportunities ahead.
Full articleSummary: A FedEx truck caught fire on I-44 in Burkburnett, Texas, leading to the closure of the highway in both directions for about an hour. First responders were able to extinguish the fire, and investigations are ongoing to determine the cause.
Full articleSummary: FedEx reported a drop in first-quarter profit and lowered its annual profit forecast due to muted demand in the package industry, especially for priority services. The company's shares fell about 11% after the announcement.
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