Stephens & Co. Maintains Overweight on FedEx, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jack Atkins has maintained an Overweight rating on FedEx (NYSE:FDX) but has reduced the price target from $330 to $320.
December 20, 2023 | 2:09 pm
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NEUTRAL IMPACT
Stephens & Co. maintains an Overweight rating on FedEx but lowers the price target from $330 to $320, indicating a positive outlook with a slightly reduced growth expectation.
While the Overweight rating suggests that Stephens & Co. believes FedEx will outperform the market or its sector, the reduction in the price target could imply a moderation in growth expectations or a response to market conditions. This news is likely to be viewed neutrally by investors as the positive rating is maintained but the price target is slightly lowered.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100