Melius Research Upgrades FedEx to Buy, Announces $310 Price Target
Portfolio Pulse from Benzinga Newsdesk
Melius Research analyst Conor Cunningham upgraded FedEx (NYSE:FDX) from Hold to Buy and set a price target of $310.
January 08, 2024 | 1:44 pm
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FedEx upgraded by Melius Research from Hold to Buy with a new price target of $310.
Analyst upgrades typically lead to positive short-term sentiment as they suggest improved future performance or undervaluation. The substantial increase in price target to $310 indicates a strong conviction in FedEx's growth potential, which may boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100