JPMorgan lowered the firm’s price target on FedEx (FDX) to $284 from $285 and keeps an Overweight rating on the shares. The company’s “solid” fiscal Q1 report and fiscal 2026 outlook was a positive surprise for a company “that has been battered by a wide array of headwinds,” the analyst tells investors in a research note. The firm says FedEx highlighted strong volume growth and continued share gains from UPS (UPS) in both healthcare and business-to-consumer.
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