Citi lowered the firm’s price target on FedEx (FDX) to $275 from $278 and keeps a Buy rating on the shares after meeting with management. The firm reduced estimates to reflect tariff uncertainty and the macro environment but sees long-term value in the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- Saudi Arabia’s Sovereign Wealth Fund Pulls Back from SHOP, BABA, META Stocks in Q2
- FedEx appoints Vishal Talwar as Chief Digital and Information Officer
- FedEx Issues €850 Million in New Notes
- U.S. executives to visit China this week, Reuters reports
- Goldman Sachs, FedEx, QuantumScape, United Airlines, BlackRock: Insider Sales Unveiled!