Truist keeps a Buy rating and $275 price target on FedEx (FDX) after its Q4 earnings beat but below-consensus outlook. The near-term guidance reflects macro caution, but the firm views this as a timing issue rather than a structural one, the analyst tells investors in a research note. Truist adds that it would be a buyer of the stock on weakness as the setup normalizes and operating leverage begins to materialize longer-term.
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