Susquehanna analyst Bascome Majors raised the firm’s price target on FedEx (FDX) to $455 from $410 and keeps a Positive rating on the shares. The firm said its strong F3Q reinforces confidence in execution against FEC’s long-term financial targets. They remain constructive into the Investor Day, where clarity on Freight’s path to improved profitability will be key to framing SpinCo valuation.
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