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.
Claim 30% 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:
- FedEx Positioned for Growth: Buy Rating Affirmed Amid Strategic Leadership and Strong Performance
- FedEx’s Strategic Decisions and Leadership Changes Lead to Sell Rating
- FedEx announces new leadership roles for edEx Freight
- FedEx price target lowered to $260 from $275 at BMO Capital
- Appaloosa buys Deutsche Bank, exits FedEx in Q1