Loop Capital Maintains Hold on FedEx, Lowers Price Target to $288
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on FedEx and lowered its price target from $317 to $288.
September 23, 2024 | 12:04 pm
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Loop Capital has maintained a Hold rating on FedEx and reduced its price target from $317 to $288, indicating a more cautious outlook on the stock.
The lowering of the price target by Loop Capital suggests a less optimistic view on FedEx's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates that the analyst does not see significant upside potential at the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100