Intel Drops, FedEx Falls, Oracle Gains As Analysts See Opportunity
On this episode of Stock Movers:- Intel (INTC) shares drop after the company was downgraded to reduce from hold at HSBC, which writes that recent deal-related strength in the stock is “not sustainable.”- FedEx (FDX) shares fall after JPMorgan analyst Brian Ossenbeck cut the recommendation on the parcel carrier to neutral from overweight, writing that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.- Oracle (ORCL) shares gain as analysts remain optimistic about the company in the wake of a report…
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