FedEx price target lowered to $330 from $345 at Susquehanna

Susquehanna lowered the firm’s price target on FedEx to $330 from $345 and keeps a Positive rating on the shares. Q1 results “clearly disappointed” and parcel price competition should weigh on sector sentiment, says the analyst, who remains Positive on shares, but “clear-eyed that it will take time, execution, and stabilization in the competitive landscape to restore sentiment.”