Raymond James Adjusts FedEx (FDX) Price Target, Maintains Outperform Rating

Dec 17, 2024

Raymond James has revised its price target for FedEx (FDX, Financial) from $310 to $305, while maintaining an "outperform" rating. The company's management is focusing on integrating express and ground delivery services, enhancing capital allocation reviews, and implementing shareholder-friendly capital return plans. These strategic moves are expected to boost shareholder returns. FedEx is scheduled to release its second-quarter earnings report on December 19.

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