JP Morgan Maintains Overweight on FedEx, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on FedEx but lowers the price target from $359 to $350.
September 20, 2024 | 3:03 pm
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NEUTRAL IMPACT
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on FedEx, indicating a positive outlook, but lowers the price target from $359 to $350, suggesting a slightly less optimistic view on its valuation.
The Overweight rating suggests a positive outlook for FedEx, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100