Susquehanna analyst Bascome Majors raised the firm’s price target on FedEx to $170 from $165 and keeps a Neutral rating on the shares. The analyst said its results and outlook more convincingly support a cycle EPS floor of at least $13.00, with investor focus gradually shifting from downside risk to cyclical opportunity deeper into 2023.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on FDX: