2 Reasons to Buy FedEx Stock Now, According to J.P. Morgan

On Wednesday, J.P. Morgan analyst Brian Ossenbeck boosted his rating of FedEx stock to Buy from Hold. FedEx stock jumped 2.9%, closing at $411.78 on Wednesday, while UPS stock rose 2.5% to $104.47. Ossenbeck has a positive view of the company heading into the spinoff of its freight business, expected next week, and before its fiscal fourth-quarter results on June 23.