Citi analyst Ariel Rosa raised the firm’s price target on FedEx (FDX) to $327 from $310 and keeps a Buy rating on the shares. The firm views the company’s fiscal Q2 report as strong. It believes FedEx is making progress on its long-term margin improvement objective. However, freight challenges are likely to limit the stock’s near-term upside, the analyst tells investors in a research note.
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