JP Morgan Maintains Neutral on FedEx, Lowers Price Target to $228
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck maintains a Neutral rating on FedEx (NYSE:FDX) and lowers the price target from $233 to $228.

June 06, 2023 | 9:32 am
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JP Morgan analyst Brian Ossenbeck maintains a Neutral rating on FedEx and lowers the price target from $233 to $228.
The news directly mentions FedEx and the change in price target by JP Morgan analyst Brian Ossenbeck. The Neutral rating remains unchanged, indicating that the analyst does not expect significant short-term price movement. However, the lowered price target may cause some investors to reevaluate their positions, but overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100