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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Read More on FDX:
- FedEx’s Strategic Adaptations and Strong Performance Justify Buy Rating
- FedEx price target lowered to $284 from $285 at JPMorgan
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- FedEx Faces Structural Challenges Despite Strong Revenue Forecast: Analyst Issues Sell Rating
- FedEx price target raised to $314 from $293 at UBS