- FedEx Corporation (NYSE:FDX) reportedly said customers might have to bear package delivery delays as winter storm gripped the country.
- The company went through disruptions at its Memphis and Indianapolis hubs, Reuters reported.
- A powerful Arctic winter storm has placed millions of people under weekend weather alerts ahead of the year’s busiest travel days.
- Also Read: Powerful Winter Storm Gushes Out Holiday Plans For Several Americans
- Also, major airports have canceled thousands of flights as the storm intensifies.
- The Federal Aviation Administration said the winter storm brought blizzard conditions to the Midwest, with significant travel disruptions expected in Chicago, Detroit, and Minneapolis-St. Paul.
- Also Read: These Analysts Revise Price Targets On FedEx Following Q2 Results
- Price Action: FDX shares are trading higher by 0.88% at $177.23 on the last check Friday.
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Keybanc Initiates Coverage On PPG Indus with Overweight Rating, Announces Price Target of $127
Keybanc analyst Aleksey Yefremov initiates coverage on PPG Indus (NYSE:PPG) with a Overweight rating and announces Price Target of $127.
