Jefferies raised the firm’s price target on FedEx (FDX) to $315 from $280 and keeps a Buy rating on the shares. Shares are up 23% in the last three months, fueled by strong U.S. growth and a continued focus on revenue quality and cost efficiencies, notes the analyst, who is “pleased by the strong momentum” and sees catalysts in 2026 from the upcoming LTL spin. Longer-term, the firm remains constructive on the self-help margin improvement story at both RemainCo and SpinCo, the analyst added.
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