JPMorgan raised the firm’s price target on FedEx (FDX) to $285 from $274 and keeps a Neutral rating on the shares. The firm has a neutral stance on the shares into the December 18 earnings report. It sees limited near-term upside for the stock after management raised the fiscal Q2 outlook despite the MD-11 grounding.
Claim 55% 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 price target raised to $345 from $300 at Susquehanna
- How Quantum Modeling Helps Companies Cut Costs And Shape Stock Performance Today
- FedEx Is Preparing to Lay Off Hundreds of Employees in Texas
- FedEx to cut 856 jobs at discontinued Texas supply chain, Bloomberg says
- UPS, FedEx works to secure more freighters, Bloomberg reports