Stifel raised the firm’s price target on FedEx (FDX) to $328 from $305 and keeps a Buy rating on the shares. Fiscal Q2 adjusted EPS of $4.82 “comfortably” exceeded the firm’s $4.10 estimate and Street consensus of $4.12, the analyst tells investors. The firm, which anticipates a detailed strategic road map and separation update at the division’s investor day on April 8, expects valuation “should build toward that event,” the analyst added.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx price target raised to $290 from $265 at BMO Capital
- FedEx price target raised to $210 from $200 at Morgan Stanley
- FedEx: Strong Quarter Masked by Unsustainable Tailwinds and Rising Cost Headwinds, Justifying Continued Sell Rating
- FedEx price target raised to $294 from $285 at JPMorgan
- FedEx price target raised to $315 from $285 at BofA