FedEx Stock Draws Bullish Attention After Earnings
FedEx Corp (NYSE:FDX) stock is up 2.5% to trade at $363.42 at last glance, after the shipping giant reported fiscal third-quarter profits of $5.25 on revenue of $24 billion, handily beating expectations. The company also raised its full-year earnings outlook and scored no fewer than 11 price-target hikes, the highest from Bernstein to $466 from $457.FDX traded as high as $383.18 out of the gate, but has pared those bigger gains. Nevertheless, the shares are eyeing their fourth gain in the last five sessions ...