Ravi Shanker, an analyst from Morgan Stanley, maintained the Sell rating on FedEx. The associated price target remains the same with $200.00.
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Ravi Shanker has given his Sell rating due to a combination of factors impacting FedEx’s future performance. Despite the company’s management team expressing optimism about ongoing transformations and strategic priorities, there are significant challenges ahead. The macroeconomic environment remains uncertain, and FedEx is navigating through regulatory and structural industry changes that could affect its operations.
Additionally, the evolving eCommerce Parcel space introduces new competitive risks, which may hinder FedEx’s ability to capitalize on these changes. While management is focused on initiatives like network transformation and cultural shifts, the timeline for these efforts to result in improved financial performance remains unclear. Consequently, Shanker maintains a cautious outlook on FedEx’s stock, reflected in the Sell rating with a price target of $200.
FDX’s price has also changed moderately for the past six months – from $232.950 to $268.670, which is a 15.33% increase.