FedEx price target raised to $315 from $285 at BofA

BofA raised the firm’s price target on FedEx (FDX) to $315 from $285 and keeps a Neutral rating on the shares. Following a “solid Express-led beat,” FedEx increased the midpoint of its FY26 EPS guidance by 2%, notes the analyst. Following the report and guidance, the firm increased its FY26 and FY27 EPS estimates by 1% each and bumped up its multiple, the analyst noted.