Stifel Maintains Buy on FedEx, Lowers Price Target to $303
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on FedEx (NYSE:FDX) but lowers the price target from $306 to $303.
April 03, 2024 | 12:34 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on FedEx but lowers the price target from $306 to $303.
The adjustment in price target by Stifel reflects a minor revision in their valuation of FedEx. While the Buy rating is maintained, indicating continued confidence in the company's performance, the slight decrease in price target could suggest a minor recalibration of expectations. This is likely to have a neutral short-term impact on the stock as the endorsement of the stock's potential remains strong despite the slight adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100