Wells Fargo analyst Christian Wetherbee raised the firm’s price target on FedEx (FDX) to $450 from $430 and keeps an Overweight rating on the shares. Coming off its callback, the firm is impressed with the strength in FEC, as volume/price/ margins were good. Wells is increasing its estimates and expects consensus to better calibrate the upside opportunity beyond 2026.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $230 from $220 at Morgan Stanley
- FedEx price target raised to $446 from $412 at UBS
- FedEx should respond positively to strong results, says Wells Fargo
- Closing Bell Movers: FedEx jumps 9% on earnings beat
- FedEx says not expecting as large of a sequential increase in Q4 EPS