Stifel Maintains Buy Rating for FedEx: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel maintains its Buy rating for FedEx (NYSE:FDX) but lowers its price target from $264.00 to $259.00. FedEx shares are currently trading down 1.91% at $227.23.
June 21, 2023 | 5:02 pm
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POSITIVE IMPACT
Stifel maintains Buy rating for FedEx and lowers price target to $259.00, a 13.98% increase from the current share price.
Stifel's decision to maintain a Buy rating for FedEx indicates a positive outlook for the company's stock. However, the lowered price target from $264.00 to $259.00 suggests a slightly reduced growth potential. The 1.91% decline in FedEx's share price may be a short-term reaction to the news, but the maintained Buy rating and potential 13.98% increase in share price indicate a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100