Wells Fargo keeps an Overweight rating and a $430 price target on FedEx (FDX) after its quarterly results. The company’s earnings meaningfully beat as Express surged past expectations and shares should react positively to strong results, the analyst tells investors in a research note.
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:
- Closing Bell Movers: FedEx jumps 9% on earnings beat
- FedEx says not expecting as large of a sequential increase in Q4 EPS
- FedEx says plays to spin off Fedex Freight on June 1st remain on track
- FedEx does not see geopolitical conflicts having material effect on business
- FedEx says MD-11 grounding had impact on results