Wells Fargo analyst Christian Wetherbee raised the firm’s price target on FedEx (FDX) to $430 from $380 and keeps an Overweight rating on the shares. The firm says Investor Day lived up to expectations with upside to both near-term and longer-term targets. In addition, free cash flow was better and guide seemed prudent, which strengthens the case for share price upside as the market catches up.
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