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FedEx (FDX) Receives a Buy from Bernstein

Bernstein analyst Alex Irving maintained a Buy rating on FedEx (FDXResearch Report) today and set a price target of $333.00. The company’s shares closed last Thursday at $219.28.

According to TipRanks.com, Irving is ranked #6539 out of 7793 analysts.

Currently, the analyst consensus on FedEx is a Strong Buy with an average price target of $309.63, representing a 45.5% upside. In a report issued on March 3, J.P. Morgan also maintained a Buy rating on the stock with a $297.00 price target.

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Based on FedEx’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $23.47 billion and net profit of $1.04 billion. In comparison, last year the company earned revenue of $20.56 billion and had a net profit of $1.23 billion.

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Founded in 1971, FedEx Corp. is a multinational delivery services company based in Tennessee. It provides transportation, e-commerce, and business services worldwide. The company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the FedEx brand.

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