JPMorgan analyst Brian Ossenbeck raised the firm’s price target on FedEx (FDX) to $294 from $285 and keeps a Neutral rating on the shares following the earnings report. The firm expects a “neutral reaction” in the shares to the fiscal Q2 beat and fiscal 2026 guidance raise, saying the MD-11 impact is much more pronounced in Q3 while the Freight business continues to lose fundamental momentum.
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Read More on FDX:
- FedEx price target raised to $315 from $285 at BofA
- FedEx: Strong Quarter and Operational Progress Offset by Cautious Outlook and Limited Earnings Upside, Justifying Hold Rating
- FedEx price target raised to $326 from $315 at Jefferies
- FedEx price target raised to $327 from $310 at Citi
- FedEx price target raised to $295 from $290 at Wells Fargo