Morgan Stanley Reiterates Equal-Weight on FedEx, Raises Price Target to $186
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker reiterated an Equal-Weight rating on FedEx (NYSE:FDX) and raised the price target from $180 to $186.
June 21, 2023 | 12:59 pm
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Morgan Stanley analyst Ravi Shanker reiterated an Equal-Weight rating on FedEx and raised the price target from $180 to $186.
Morgan Stanley's reiteration of an Equal-Weight rating on FedEx and the increase in the price target from $180 to $186 indicates a neutral short-term impact on the stock. The price target increase suggests a slightly positive outlook, but the Equal-Weight rating implies that the stock is fairly valued and not expected to outperform or underperform the market in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100