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FedEx Now a “Strong Buy” at Raymond James (FDX)

By Dividend.com,  May 04, 2012, 09:01:47 AM EDT

Package delivery giant FedEx Corporation ( FDX ) on Friday caught a big upgrade from analysts at Raymond James.

The firm said it boosted its rating on FDX from "Outperform" to "Strong Buy."

FedEx shares, which have risen 6.4% since the beginning of the year, posted modest gains in premarket trading Friday.

The Bottom Line
Shares of FedEx ( FDX ) have a .59% dividend yield, based on last night's closing stock price of $88.86. The stock has technical support in the $83-$85 price area. If the shares can firm up, we see overhead resistance around the $93-$95 price levels.

FedEx Corporation ( FDX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: FDX



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