FedEx price target raised to $244 from $240 at BofA

BofA analyst Ken Hoexter raised the firm’s price target on FedEx (FDX) to $244 from $240 and keeps a Neutral rating on the shares. FedEx posted Q1 EPS above Street estimates, but set FY26 EPS in-line to slightly below rest of year targets at the midpoint, the analyst tells investors in a research note. Momentum in structural cost takeout and value unlock from FedEx’s upcoming spin of FedEx Freight is balanced by macro uncertainty, inflationary pressure, and de minimus cuts, BofA says.