FedEx price target raised to $199 from $179 at JPMorgan

JPMorgan analyst Brian Ossenbeck raised the firm’s price target on FedEx to $199 from $179 and keeps a Neutral rating on the shares. The analyst is cautious on FedEx shares into the Q3 earnings release on March 16. The stock has been on a solid run since the Q2 earnings call, the analyst tells investors in a research note.