Fedex estimates international economic improvement

FedEx (FedEx) Monday high estimates, because its air and land parcel. The news cheered company stock and grail.

According to Reuters, fedex afternoon trading price rises about 5% of the company says, "continued moderate recovery" helps its first quarter business performance. Standard &poor's 500 index rose 0.9%, because the fedex and raise money on June new-home sales jumped up.

Kevin Sterling BB&T Capital cannot analysts said: "this macro situation with." He gives the company's share price "buy" rating, target price of $100.

Fedex and its rivals united parcel, are regarded as the global economy, because of its physical vane with economic prosperity and business expansion, along with the economic recession.

Source: web
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