Future Earnings Risk For FedEx Likely From Revenue Line, Says Morgan Stanley
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Ravi Shanker reiterated an Equal Weight rating on FedEx Corp (NYSE:FDX) with a price target of $180. The analyst expects future earnings risk for FedEx to come from the revenue line, with revenues being crucial to offset inflation headwinds.
June 02, 2023 | 6:19 pm
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Morgan Stanley analyst Ravi Shanker maintains an Equal Weight rating on FedEx Corp (NYSE:FDX) with a price target of $180, expecting future earnings risk to come from the revenue line.
The analyst reiterated an Equal Weight rating on FedEx, indicating a neutral outlook for the stock. The future earnings risk is expected to come from the revenue line, which is crucial to offset inflation headwinds. This news is highly relevant to FedEx, but the impact on the stock price is expected to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100