"I think it's pretty much cooked into share prices already," said Arthur Hatfield, an analyst at Morgan, Keegan & Co. who rates FedEx outperform and UPS market perform. (Neither Hatfield nor his firm owns shares in FedEx and UPS. Morgan Keegan has done no banking business with either company in the last year, though it is seeking to do business with FedEx.)
Both companies' stocks have risen sharply since the middle of the year. FedEx finished Monday's session at $95.43, close to its $96.21 52-week high logged last Wednesday. UPS ended the session at $84.01, close to its 52-week high of $84.64 recorded Nov. 12. Even though A.G. Edwards' Broughton is bullish on FedEx's long-term prospects, the analyst downgraded the stock from buy to hold in September because of its rising valuation. He also has a hold rating on UPS stock.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,274.40 | 1,096.77 | 2,162.11 | 34.74 |
Oil *
77.95
|
|
UP
27.43
|
UP
3.76
|
UP
11.03
|
DOWN
0.08
|
10 Yr
3.47%
SPDR Gold
109.51
|
|
+0.27%
|
+0.34%
|
+0.51%
|
-0.23%
|
Data delayed 20 minutes |
