Morgan Stanley Maintains Equal-Weight on FedEx, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Equal-Weight rating on FedEx (NYSE:FDX) and lowers the price target from $205 to $195.
February 26, 2024 | 3:57 pm
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Morgan Stanley maintains an Equal-Weight rating on FedEx and lowers the price target from $205 to $195.
The reduction in price target by Morgan Stanley, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in FedEx's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered price target indicates a revised expectation of the stock's future performance.
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IMPORTANCE 75
RELEVANCE 100