FedEx price target lowered to $259 from $267 at Citi

Citi lowered the firm’s price target on FedEx (FDX) to $259 from $267 and keeps a Buy rating on the shares following the fiscal Q4 report. The company’s “weak” guidance due to tariffs overshadows “decent” Q4 results as “uncertainty looms large,” the analyst tells investors in a research note. On the earnings call, management noted the significant operating leverage and earnings growth it expects to realize upon resolution of tariff uncertainty and improvement in macro conditions, “but investors seem unwilling to wait given its track-record of mixed results,” the analyst tells investors in a research note.