UBS Maintains Buy on FedEx, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz maintains a Buy rating on FedEx (NYSE:FDX) and raises the price target from $323 to $340.
March 22, 2024 | 7:23 pm
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POSITIVE IMPACT
UBS maintains a Buy rating on FedEx and raises the price target from $323 to $340.
The upgrade in the price target by a reputable analyst like Thomas Wadewitz from UBS is a strong positive signal for FedEx. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100