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FedEx price target lowered to $296 from $308 at Stifel

Stifel lowered the firm’s price target on FedEx (FDX) to $296 from $308 and keeps a Buy rating on the shares. FedEx reported strong Q1 adjusted EPS, an important guidepost as to efficacy and execution on Network 2.0, the analyst tells investors in a research note. The firm thinks sentiment should begin to shift to improve on its potential.

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