Credit Suisse Maintains Outperform Rating for FedEx: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Credit Suisse has maintained its Outperform rating for FedEx (NYSE:FDX) but lowered its price target from $273.00 to $265.00. FedEx shares are currently trading up 3.43% at $233.58 per share.
June 22, 2023 | 5:01 pm
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Credit Suisse maintains Outperform rating for FedEx and lowers price target from $273 to $265. Shares are trading up 3.43% at $233.58.
Credit Suisse's decision to maintain an Outperform rating for FedEx indicates a positive outlook for the company's stock. However, the lowered price target from $273 to $265 suggests a slightly reduced growth potential. The current share price increase of 3.43% also supports a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100