Evercore ISI analyst Jonathan Chappell raised the firm’s price target on FedEx (FDX) to $380 from $364 and keeps an In Line rating on the shares. FedEx is showing “promising signs” with improved demand and effective cost management, says the analyst, whose updates to EPS estimates reflect these positive trends, despite some data disruptions.
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- FedEx files suit seeking refund of duties incurred due to tariffs, Reuters says
- FedEx price target raised to $412 from $328 at Stifel
- FedEx price target raised to $220 from $210 at Morgan Stanley
- FedEx price target raised to $364 from $288 at Evercore ISI