JPMorgan Boosts FedEx to Overweight as Freight Spin-Off Nears
JPMorgan upgraded FedEx to Overweight from Neutral and raised its price target to $460 from $432, citing visible progress in the company's Network 2.0 restructuring and two upcoming events - the planned separation of the Freight business on June 1 and FedEx's fiscal fourth-quarter earnings on June 23 - as catalysts that could change investor percep…