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<blockquote data-quote="moreluck" data-source="post: 173450" data-attributes="member: 1246"><p>Ahead of the Bell: FedEx</p><p>Friday March 9, 8:12 am ET Stifel Nicolaus Upgrades FedEx on Growth Opportunities, Pullback in Shares </p><p></p><p>NEW YORK (AP) -- A Stifel Nicolaus analyst upgraded FedEx Corp. on Friday, saying the express delivery company is hedged against sluggish domestic economic trends and its international exposure continues to expand. Analyst John G. Larkin, who upgraded the stock to "Buy" from "Hold," said in a client note FedEx plays a key role in transporting products from Asia to North America and Europe as manufacturers build capacity along the Pacific Rim in order to leverage low labor costs. The Pacific Rim encompasses countries bordering the Pacific Ocean and island nations within the region, including South Korea, Taiwan and Singapore.</p></blockquote><p></p>
[QUOTE="moreluck, post: 173450, member: 1246"] Ahead of the Bell: FedEx Friday March 9, 8:12 am ET Stifel Nicolaus Upgrades FedEx on Growth Opportunities, Pullback in Shares NEW YORK (AP) -- A Stifel Nicolaus analyst upgraded FedEx Corp. on Friday, saying the express delivery company is hedged against sluggish domestic economic trends and its international exposure continues to expand. Analyst John G. Larkin, who upgraded the stock to "Buy" from "Hold," said in a client note FedEx plays a key role in transporting products from Asia to North America and Europe as manufacturers build capacity along the Pacific Rim in order to leverage low labor costs. The Pacific Rim encompasses countries bordering the Pacific Ocean and island nations within the region, including South Korea, Taiwan and Singapore. [/QUOTE]
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