HSBC Initiates Coverage On FedEx with Buy Rating, Announces Price Target of $330
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Parash Jain has initiated coverage on FedEx (NYSE:FDX) with a Buy rating and a price target of $330.
September 29, 2023 | 10:29 am
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POSITIVE IMPACT
HSBC has initiated coverage on FedEx with a Buy rating and a price target of $330, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, HSBC's Buy rating and high price target for FedEx suggest a positive outlook for the company, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100