UBS Maintains Buy on FedEx, Lowers Price Target to $311
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz maintains a Buy rating on FedEx but lowers the price target from $333 to $311.
September 20, 2024 | 1:51 pm
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UBS analyst Thomas Wadewitz maintains a Buy rating on FedEx but lowers the price target from $333 to $311, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in FedEx's performance, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100