FedEx price target lowered to $255 from $260 at BMO Capital

BMO Capital analyst Fadi Chamoun lowered the firm’s price target on FedEx (FDX) to $255 from $260 and keeps a Market Perform rating on the shares. The company’s Q1 results were above expectations, but the management re-introduced FY26 guidance that was slightly below expectations for adjusted EBIT and EPS, despite significantly higher revenues, the analyst tells investors in a research note. While FedEx continues to make steady progress on its transformation plan and has reaffirmed its target for $1B in cost savings this year, headwinds from shifting trade policies and unfavorable business mix are amongst the factors pressuring performance in FY26, the firm added.