Stifel lowered the firm’s price target on FedEx (FDX) to $354 from $364 and keeps a Buy rating on the shares. FedEx lowered its near-term outlook, but cost savings are on track, the analyst tells investors in a research note. There is a lot of idiosyncratic opportunity with three major transformative initiatives underway, though execution risk is something to monitor, Stifel says.
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Read More on FDX:
- FedEx price target lowered to $272 from $295 at BofA
- 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
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