BofA raised the firm’s price target on FedEx (FDX) to $408 from $365 and keeps a Buy rating on the shares. The firm, which points to a higher multiple for its raised target, says earnings should climb from low-single digit gains the past two years to double-digits in FY27, adding that FedEx remains one of its top Transport picks in 2026.
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Read More on FDX:
- FedEx price target raised to $401 from $327 at Citi
- FedEx price target raised to $412 from $314 at UBS
- FedEx: Valuation Reflects Near-Term Upside as Freight Spin-Off Potential Is Largely Priced In, Justifying a Hold Rating
- FedEx upgraded to Outperform from Market Perform at Bernstein
- FedEx upgraded to Overweight from Equal Weight at Wells Fargo