BofA raised the firm’s price target on FedEx (FDX) to $440 from $431 and keeps a Buy rating on the shares. After the company reported its “strongest U.S. market share gains in 20 years,” the firm says FedEx is showing solid momentum in winning share and managing its costs and network transformation in “what remains a volatile global trade backdrop.” Following the company’s earnings beat and guidance hike, the firm increased its FY26 and FY27 EPS estimates 5% and 2%, respectively.
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Read More on FDX:
- FedEx price target raised to $230 from $220 at Morgan Stanley
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