HSBC Downgrades FedEx to Hold, Announces $300 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Parash Jain has downgraded FedEx from Buy to Hold, setting a price target of $300.
September 20, 2024 | 3:56 pm
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HSBC has downgraded FedEx from Buy to Hold, with a new price target of $300. This suggests a more cautious outlook on FedEx's stock performance.
The downgrade from Buy to Hold by HSBC indicates a less optimistic view on FedEx's stock, which could lead to a negative short-term impact on its price. The $300 price target suggests limited upside potential.
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