Analyst lifts FedEx 2 notches to 'Outperform'

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Courtesy Newsvine - business  Fri, 08/28/2009 - 12:21

An analyst upgraded shares of FedEx Corp. to "Outperform" from "Underperform," saying slight improvements in global package volume, wage cuts and the possible bankruptcy of a major trucking company will drive earnings — and in turn, shares — higher.

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