Exane BNP Paribas Downgrades FedEx to Underperform, Announces $250 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Robert Joynson downgraded FedEx (NYSE:FDX) from Neutral to Underperform and set a price target of $250.

March 27, 2024 | 2:13 pm
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NEGATIVE IMPACT
FedEx was downgraded from Neutral to Underperform by Exane BNP Paribas, with a new price target of $250.
The downgrade from Neutral to Underperform suggests a negative outlook on FedEx's stock performance by Exane BNP Paribas. The setting of a price target at $250, while not explicitly bearish, indicates the analyst's valuation perspective. This could influence investor sentiment and potentially lead to a short-term decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100