TD Cowen Maintains Buy on FedEx, Lowers Price Target to $328
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Helane Becker maintains a Buy rating on FedEx but lowers the price target from $334 to $328.
September 20, 2024 | 3:32 pm
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TD Cowen analyst Helane Becker maintains a Buy rating on FedEx, but lowers the price target from $334 to $328, indicating a slight decrease in expected valuation.
The analyst's decision to maintain a Buy rating suggests continued confidence in FedEx's performance, but the lowered price target indicates a slight reduction in expected valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100