JP Morgan Maintains Neutral on FedEx, Lowers Price Target to $305
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained a Neutral rating on FedEx (NYSE:FDX) but has lowered the price target from $322 to $305.
December 20, 2023 | 11:49 am
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FedEx's price target has been reduced from $322 to $305 by JP Morgan, although the Neutral rating remains unchanged.
A lowered price target can often be interpreted by the market as a negative signal, suggesting that the analyst sees less upside potential for the stock. However, the impact may be somewhat muted given that the rating was not downgraded, indicating that the analyst's overall view on the company has not significantly changed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100