Bernstein lowered the firm’s price target on FedEx (FDX) to $249 from $282 and keeps a Market Perform rating on the shares. The firm says that a lack of initiatives to bridge DRIVE to Network 2.0 is going to put consensus out of reach for FY26. Combine that with rising execution risk on a very complex network integration and the risk/reward here looks less compelling, Bernstein adds.
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Read More on FDX:
- FedEx Faces Execution Risks and Volatility Challenges, Analyst Maintains Hold Rating with Lowered Price Target
- FedEx raises quarterly dividend by 5% to $1.45 per share
- JPMorgan cuts FedEx target, negative on shares into earnings
- FedEx price target lowered to $330 from $350 at Barclays
- FedEx Faces Financial Challenges: Analyst Issues Sell Rating Amid Earnings Shortfall and Margin Pressures
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