FexEx Corporation shares are trading higher. Argus Research on Monday maintained a Buy rating on the stock and raised the price target from $240 to $260.
Portfolio Pulse from Benzinga Newsdesk
FedEx Corporation's shares are trading higher following Argus Research's decision to maintain a Buy rating on the stock and increase the price target from $240 to $260.
June 27, 2023 | 4:14 pm
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FedEx Corporation's stock is trading higher after Argus Research maintained a Buy rating and raised the price target from $240 to $260.
The news of Argus Research maintaining a Buy rating and raising the price target for FedEx Corporation is directly related to the company and is likely to have a positive impact on its stock price in the short term. This is because such actions by a research firm often indicate a positive outlook for the company's financial performance, which can attract more investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100