Barclays lowered the firm’s price target on FedEx (FDX) to $330 from $350 and keeps an Overweight rating on the shares. The firm says near-term earnings for FedEx and other transports will likely be under pressure given U.S. tariff developments. However, with company specific cost actions and the upcoming Freight spin, there is “plenty of relative value” in FedEx shares, especially compared to well-known challenges at UPS (UPS), the analyst tells investors in a research note.
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Read More on FDX:
- FedEx Faces Financial Challenges: Analyst Issues Sell Rating Amid Earnings Shortfall and Margin Pressures
- FedEx price target lowered to $311 from $331 at UBS
- 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
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