BofA lowered the firm’s price target on FedEx (FDX) to $272 from $295 and keeps a Buy rating on the shares. The company posted below-target Q3 results and lowered its fiscal 2025 adjusted EPS target range 6% at the midpoint, with CFO John Dietrich noting the reduced targets reflect continued weakness and uncertainty in the U.S. industrial economy and greater than anticipated inflationary pressure, the analyst tells investors in a research note. The momentum in structural cost takeout and value unlock from its upcoming spin of FedEx Freight is balanced by macro uncertainty, inflationary pressure and tariff overhang, the firm says.
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Read More on FDX:
- FedEx price target lowered to $305 from $317 at Citi
- FedEx’s Strategic Initiatives and Cost-Saving Efforts Justify Buy Rating Despite Near-Term Challenges
- FedEx price target lowered to $260 from $275 at Wells Fargo
- FedEx Faces Structural Challenges and Earnings Pressure: Analyst Recommends Sell with $200 Price Target
- FedEx price target lowered to $331 from $350 at UBS
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