Premarket roundup: FedEx, Healthways

Among the premarket stories for Wednesday, Sept. 10, from AP Financial News:

NEW YORK (AP) _ Investors may flock to shares of FedEx Corp. on Wednesday, after the package delivery company boosted its fiscal first-quarter earnings prediction on lower-than-expected fuel costs and tight cost management.

NEW YORK (AP) _ With shares of Healthways Inc. trading at their lowest prices in nearly five years, a Goldman Sachs analyst upgraded the disease-management program administrator, deeming its share price more reasonable now than in the past.

SAN RAMON, Calif. (AP) _ Saudi Arabia extended an agreement with Chevron Corp. Wednesday that allows the U.S. oil company to operate in a neutral zone the kingdom shares with Kuwait.

NEW YORK (AP) _ Keefe, Bruyette & Woods analyst Jefferson Harralson on Wednesday downgraded the shares of South Financial Group Inc. to "Market Perform," but said the bank has sufficient capital to weather the current economic environment.

NEW YORK (AP) _ Shares of Texas Instruments Inc. climbed in premarket trading Wednesday after the chip maker narrowed its financial forecasts for the current quarter.

NEW YORK (AP) _ A Baird analyst downgraded Foundry Networks Inc. Wednesday because the stock is near his $19 target price, which is based on a buyout offer from Brocade Communications Systems Inc.