UPS, FedEx down on report of Amazon's own delivery service

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FedEx (FDX) PT Raised to $247 at BofA/Merrill Lynch

October 6, 2017 8:54 AM EDT

BofA/Merrill Lynch raised its price target on FedEx (NYSE: FDX) to $247.00 (from $240.00) while maintaining a Buy rating.

Analyst Ken Hoexter said Amazon headline fear is not the real story.

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