Susquehanna Maintains Positive on FedEx, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Bascome Majors maintains a Positive rating on FedEx (NYSE:FDX) but lowers the price target from $345 to $330.
September 20, 2024 | 2:27 pm
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Susquehanna analyst Bascome Majors maintains a Positive rating on FedEx but lowers the price target from $345 to $330, indicating a slight decrease in expected valuation.
The analyst's decision to maintain a Positive rating suggests continued confidence in FedEx's performance, but the lowered price target indicates a tempered outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100