Morgan Stanley Downgrades FedEx to Underweight, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded FedEx from Equal-Weight to Underweight and reduced its price target from $215 to $200.
September 20, 2024 | 12:09 pm
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Morgan Stanley analyst Ravi Shanker has downgraded FedEx from Equal-Weight to Underweight, reducing the price target from $215 to $200. This suggests a bearish outlook on FedEx's short-term performance.
The downgrade from Equal-Weight to Underweight by a major financial institution like Morgan Stanley indicates a negative sentiment towards FedEx's stock. The reduction in the price target to $200 further supports this bearish outlook, suggesting potential downside in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100