BMO Capital Maintains Market Perform on FedEx, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained a Market Perform rating on FedEx and lowered its price target from $325 to $300.
September 20, 2024 | 4:33 pm
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BMO Capital has maintained a Market Perform rating on FedEx and reduced its price target from $325 to $300, indicating a more cautious outlook.
The lowering of the price target by BMO Capital suggests a more cautious outlook on FedEx's future performance, which could lead to a negative short-term impact on its stock price. The Market Perform rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100