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FedEx (FDX) Stock Closed Down, Citigroup: Shares Under Pressure Ahead of Q1 Earnings

NEW YORK (TheStreet) -- Shares of FedEx (FDX) closed lower on Tuesday as Citigroup analysts said they believe the Memphis-based delivery services company's shares may be under pressure in the weeks leading up to its fiscal 2017 first quarter results.

The firm said it expects FedEx to release more details about the impact of its TNT Express acquisition, according to Barron's. FedEx bought the Netherlands-based mail delivery and logistics company for $4.8 billion earlier this year.

FedEx didn't include details about TNT operations and...


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