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 about margins at its cloud-computing business. Firms continue to see strong tailwinds related to AI.
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