Wells Fargo raised the firm’s price target on FedEx (FDX) to $290 from $280 and keeps an Equal Weight rating on the shares. Ahead of Q2 earnings, the firm is raising Q2 and full year 2026 estimates, as revenue trends and Network 2.0 execution are trending ahead of its expectations. This should firm up 2026 guidance, Wells argues, adding that it believes expectations are elevated into results.
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