Credit Suisse Maintains Outperform on FedEx, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Credit Suisse analyst Ariel Rosa maintains an Outperform rating on FedEx (NYSE:FDX) but lowers the price target from $273 to $265.
June 22, 2023 | 9:33 am
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Credit Suisse maintains an Outperform rating on FedEx, but lowers the price target from $273 to $265.
The news indicates that Credit Suisse still has a positive outlook on FedEx, maintaining an Outperform rating. However, the lowered price target from $273 to $265 may cause some uncertainty among investors. The short-term impact on the stock price is expected to be neutral, as the overall sentiment remains positive, but the reduced target may limit potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100