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No, FedEx Is Not Amazon's Next Victim

No, FedEx Is Not Amazon's Next Victim

Finance
Amazon.com's (AMZN) announcement last week that it is testing a new delivery service has spurred the latest round of chatter that FedEx (FDX) the parcel shipping giant will become yet another victim to the e-commerce giant's ever expanding reach.Cowen analyst Helane Becker insists that those worries are overblown. In a note published today, Becker reiterated her Outperform rating and $ 240 price target on Fed Ex shares, arguing that the company is well positioned to overcome new threats while at the same time improving long-term value for shareholders.How? Becker says FedEx has a well-proven history of adapting over the decade to various economic environments and along the way, managed to build a powerful brand and enormous scale. Add to that, it has a geographically diverse aircr...