UBS lowered the firm’s price target on FedEx (FDX) to $311 from $331 and keeps a Buy rating on the shares. The backdrop for FedEx in Q4 was likely more volatile and likely somewhat weaker than expected in their international business relative to their commentary from the Q3 earnings call in March, the analyst tells investors in a research note.
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Read More on FDX:
- FedEx Positioned for Growth: Buy Rating Affirmed Amid Strategic Leadership and Strong Performance
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- FedEx price target lowered to $260 from $275 at BMO Capital
- Appaloosa buys Deutsche Bank, exits FedEx in Q1
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