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-0.00142747513818403 -0.000144518551714909 -0.00068680012916954 -0.00142282674475469 -0.00144142031847183 0.00529177756377596 0.00914803826873554 0.00817610568661661
Stock impact report

FedEx Wins Analyst Upgrade as Amazon Shuts Competing Delivery Service [TheStreet.com]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: TheStreet.com
FedEx(FDXGet ReportAMZNFedEx added 1.1% to $123.59 a share after Bank of America analyst Ken Hoexter lifted his rating to buy from neutral.The Bank of America analyst also boosted his price target on the Memphis overnight-delivery giant to $140 a share from $117, an increase of more than 19%.The analyst's new target also represents a premium of more than 14% over its current trading price.In his note to investors, Hoexter contends Amazon's decisipn reflects the challenges the tech giant faces in trying to build a new player in the highly competitive delivery field.He also sees potential network cost savings in FedEx's move to combine its ground and express services for some e-commerce orders.Amid a flood of online orders, FedEx in March began to use its ground service to transport some residential express packages the last few miles.The move, in turn, frees up its express unit to focus on more lucrative business-to-business deliveries, FedEx has said.News of Amazon's decision last wee Show less Read more
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