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FedEx (FDX) Receives a Buy from Wells Fargo

Wells Fargo analyst Allison Poliniak maintained a Buy rating on FedEx (FDXResearch Report) on January 10 and set a price target of $314.00. The company’s shares closed last Thursday at $259.35.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 18.3% and a 72.4% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian National Railway, and Expeditors International.

FedEx has an analyst consensus of Strong Buy, with a price target consensus of $309.71, implying a 20.4% upside from current levels. In a report issued on December 29, Argus Research also maintained a Buy rating on the stock with a $285.00 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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