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Morgan Stanley lowered its price target for FedEx (FDX.N) from $230.00 to $160.00.

2026-06-03

Morgan Stanley lowered its price target for FedEx (FDX.N) from $230.00 to $160.00.

Other News
2026-06-03

Federal Reserve's Williams: Rising energy prices are pushing up costs and inflation.

Federal Reserve's Williams: Rising energy prices are pushing up costs and inflation.
2026-06-03

Despite Trump’s public escort plan being dropped, the U.S. military is quietly coordinating with willing commercial vessels to protect transits through the Strait of Hormuz. CENTCOM statements, shipping data and sources show ships are switching off t

Despite Trump’s public escort plan being dropped, the U.S. military is quietly coordinating with willing commercial vessels to protect transits through the Strait of Hormuz. CENTCOM statements, shipping data and sources show ships are switching off transponders and hugging the Omani coast in the Sea of Oman to avoid suspected Iranian sea mines; U.S. forces provide assistance when needed. On Tuesday, amid heightened U.S.-Iran tensions, CENTCOM said its forces shot down an Iranian attack drone that was targeting "civilian mariners legally transiting regional waters" and carried out a self-defence strike on an Iranian ground control station. Two shipping firms said they had been in touch with U.S. forces for transit advice; one source said a helicopter intervened to drive off a suspected Iranian fast-attack boat during a recent passage.
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