The firm said it raised its rating on the delivery company based on its ability to continue to execute and repurchase shares, and its strong 2014 fourth quarter results.
FedEx reported earnings of $2.46 per diluted share for the most recent quarter, compared to $2.13 per diluted share from the year ago quarter.
Revenue was $11.8 billion for the 2014 fourth quarter versus $11.4 billion from the 2013 first quarter.
Shares of FedEx are down -0.49% to $148.22 in pre-market trading today.
Separately, TheStreet Ratings team rates FEDEX CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FEDEX CORP (FDX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: