Morgan Stanley Maintains Equal-Weight on FedEx, Maintains $195 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Equal-Weight rating on FedEx (NYSE:FDX) and keeps the price target at $195.

March 04, 2024 | 3:47 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on FedEx with a $195 price target.
The maintenance of an Equal-Weight rating and a steady price target by a major analyst like Morgan Stanley suggests no significant short-term price movement is expected for FedEx. The rating indicates that the analyst believes FedEx is fairly valued at its current price, implying a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90