FedEx price target raised to $175 from $170 at Jefferies

Jefferies analyst Stephanie Moore raised the firm’s price target on FedEx to $175 from $170 and keeps a Hold rating on the shares. Moore believes the company is making the decisive actions to cut costs to achieve FY25 targets despite macro factors in play, likely making this a bumpy ride with little delineation between what is macro and what is structural, the analyst tells investors in a research note.