Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on FedEx (FDX) to $255 from $260 and keeps an Outperform rating on the shares. Tariffs remain a focal point across the transportation space given the impact to goods pricing and ultimately the end consumer, while trade deals with the U.S.’ largest trading partners remain at a standstill, the analyst tells investors in a research note. Tariffs are clouding the outlook for retail holiday growth as peak season nears for the parcel carriers, the firm argues.
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