Ken Hoexter

FedEx Corporation (NYSE: FDX) shares initially traded lower after the company disappointed Wall Street with its fiscal fourth-quarter earnings report last week. On Tuesday, Bank of America analyst Ken Hoexter added FedEx to the firm’s US1 list and named it his top transportation stock pick....

FedEx Corporation (NYSE: FDX) traded lower by 4% on Friday after the company delivered lackluster fiscal fourth-quarter numbers on Thursday afternoon. FedEx reported fourth-quarter adjusted EPS of $5.01, narrowly beating consensus analyst estimates of $5. Fourth-quarter revenue of $22.6...

Economists are expecting the U.S. economy to start ramping back up in the first half of 2020, and that rebound is good news for the trucking industry moving forward. The Analyst: On Thursday, Bank of America analyst Ken Hoexter issued the following upgrades to trucking stocks: J B Hunt Transport...

World Fuel Services Corp (NYSE: INT) is poised to benefit as volumes accelerate in the second half of 2021 and oil prices begin rising, according to BofA Securities. The World Fuel Services Analyst: Ken Hoexter upgraded World Fuel Services from Underperform to Buy, while raising the price target...

FedEx Corporation (NYSE: FDX) traded slightly higher on Friday after one analyst raised his price target for the stock ahead of the company’s earnings report later this month. The Analyst: Bank of America analyst Ken Hoexter reiterated his Buy rating and raised his price target for FedEx...

FedEx Corporation’s (NYSE: FDX) margins and returns could expand due to the paradigm shift in the pricing environment in the airfreight sector, according to BofA Securities. The FedEx Analyst: Ken Hoexter maintained a Buy rating on FedEx and raised the price target from $177 to $235. The...

Casinos are just starting to open back up following COVID-19 shutdowns, but it may still be a while before some gamblers are willing to venture back to Vegas or even their local casino. Sports gamblers are still waiting for the return of Major League Baseball and other pro and college sports...

Amazon.com, Inc’s (NASDAQ: AMZN) recent decision to pause its Shipping with Amazon (SWA) third-party delivery business underlines the barriers to entry into the delivery business. Moreover, the integration of FedEx Corporation’s (NYSE: FDX) Express and Ground networks is a positive for...

In an unpredictable market, dividend and distribution payments are one of the few things investors can reliably count on. Unfortunately, many stocks that have the highest dividend yields come with a catch. When a stock drops, dividend yields rise given they are calculated as a percentage of share...

FedEx Corporation (NYSE: FDX) shares dropped more than 10% Wednesday after the company's second-quarter earnings miss and fourth guidance cut this year. Analysts acknowledged its dilemma in a changing delivery sector, but some saw FedEx's woes as having bottomed out, with a return to a...

FedEx Corporation (NYSE: FDX) shares tumbled Monday after Amazon.com, Inc. (NASDAQ: AMZN) announced a temporary ban on FedEx Ground for third-party Prime sales. To the Street, the new marketplace policy betrayed further deterioration of an already tenuous relationship. The Rating Bank of America...

United Parcel Service, Inc. (NYSE: UPS) has officially named former PepsiCo, Inc. (NASDAQ: PEP) Latin America finance executive Brian Newman as its new CFO, and one analyst said Newman will bring a much-needed fresh perspective to the UPS team. The Analyst Bank of America analyst Ken Hoexter...

IAA Inc. (NYSE: IAA) has rallied 8% in the past week and is now up 18% since it split off from KAR Auction Services, Inc. (NYSE: KAR) in late June. The salvage auction stock is on fire — along with other trucking stocks — in the past two days, Bank of America Merrill Lynch analyst Ken...

The boom in online buying is again forcing a big shipper to expand its service, and that's going to mean more cost. FedEx Corporation (NYSE: FDX) announced on Thursday ground-parcel delivery unit FedEx Ground will add Sunday delivery, starting in January. The move comes just months after FedEx...

FedEx Corporation (NYSE: FDX) stock dropped nearly 6 percent Wednesday after the company reported below-consensus third-quarter earnings and cut its 2019 guidance. FedEx warned that the international trade war is negatively impacting global growth. “Slowing international macroeconomic...