Barclays Maintains Overweight on FedEx, Lowers Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Overweight rating on FedEx (NYSE:FDX) but reduced the price target from $330 to $310.

December 20, 2023 | 12:10 pm
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Barclays has maintained an Overweight rating on FedEx but lowered the price target from $330 to $310, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Barclays believes FedEx will outperform the market or its sector, the reduction in the price target may reflect a tempered expectation for the stock's performance. This could be due to a variety of factors such as market conditions, company performance, or industry trends. Investors may view the price target cut as a sign of caution, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100