FedEx Is Saving The Plant, But Blaming The Weather
"FedEx has over 360 all hybrid electric vehicles now in service, plus over 200 all electric vehicles. In addition the company is replacing its older engines with new fuel efficient ones by Mercedes-Benz that helps to boost engine efficiency by a whopping 80 percent," Sozzi said.
Following downbeat third quarter results, shares of FedEx initially traded sharply lower to $134.47, but have rebounded and are currently trading at $138.50. In the official earnings release, FedEx blamed weather for the down quarter, following the example of many companies this earnings season. Sozzi couldn't resist commenting as he took a shot at FedEx on Twitter.
— Brian Sozzi (@BrianSozzi) March 19, 2014
Latest Ratings for FDX
|Dec 2016||Aegis Capital||Initiates Coverage On||Buy|
|Dec 2016||JP Morgan||Initiates Coverage On||Overweight|
|Nov 2016||BMO Capital||Initiates Coverage On||Market Perform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.