FedEx (FDX) missed the mark on volume, pricing and margins. Still, S&P notes, the stock...

|About: FedEx Corporation (FDX)|By:, SA News Editor

FedEx (FDX) missed the mark on volume, pricing and margins. Still, S&P notes, the stock "already discounts the current operating environment," and says FDX is "well positioned to take advantage of any economic rebound, when it occurs." Raises price target by $11 to $55. FDX +8% to $46.49.