Wells Fargo raised the firm’s price target on FedEx (FDX) to $235 from $220 and keeps an Equal Weight rating on the shares. Volume was “better” in Q4, particularly U.S. packaging and LTL, while yields were weaker, leading to better than feared results, particularly for International, even with trade volatility, the analyst tells investors in a research note. FedEx’s Q1 guidance appears to point to $18 in fiscal 2026 EPS, the firm says.
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