Evercore ISI Group Maintains Outperform on FedEx, Lowers Price Target to $335
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on FedEx but has slightly lowered the price target from $339 to $335.
September 12, 2024 | 12:28 pm
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Evercore ISI Group has maintained an 'Outperform' rating on FedEx, indicating continued confidence in the company's performance. However, the price target has been slightly reduced from $339 to $335, suggesting a minor adjustment in expected valuation.
The 'Outperform' rating suggests that the analyst expects FedEx to perform better than the market average. The slight reduction in the price target from $339 to $335 indicates a minor adjustment in expectations, possibly due to market conditions or company performance metrics. This news is important for investors as it reflects the analyst's updated view on FedEx's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100