Raymond James Maintains Outperform on FedEx, Lowers Price Target to $270
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Patrick Tyler Brown maintains an Outperform rating on FedEx (NYSE:FDX) but lowers the price target from $280 to $270.

June 21, 2023 | 11:11 am
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NEUTRAL IMPACT
Raymond James maintains an Outperform rating on FedEx (NYSE:FDX) but lowers the price target from $280 to $270.
The news of Raymond James maintaining an Outperform rating on FedEx indicates a positive outlook for the company. However, the lowering of the price target from $280 to $270 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100