B of A Securities Maintains Buy on FedEx, Lowers Price Target to $345
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on FedEx but slightly lowered the price target from $347 to $345.
September 18, 2024 | 11:20 am
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NEUTRAL IMPACT
B of A Securities has maintained its Buy rating on FedEx, indicating continued confidence in the company's performance. However, the price target has been slightly reduced from $347 to $345, suggesting a minor adjustment in expected valuation.
The maintenance of a Buy rating suggests positive sentiment towards FedEx's future performance. The slight reduction in the price target indicates a minor adjustment in expectations, which may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100