U.S. Markets close in 3 hrs 58 mins

What FedEx’s blowout earnings report could mean for UPS

On Wednesday, JPMorgan analyst Brian Ossenbeck upgraded shares of FedEx to overweight with a $188 price target after the courier reported “a solid EPS beat in tough conditions.” Looking ahead, the firm thinks FedEx’s quarterly results could be good news for when UPS reports. The Final Round panel discusses.