FedEx price target raised to $225 from $170 at Susquehanna

Susquehanna analyst Bascome Majors raised the firm’s price target on FedEx to $225 from $170 and keeps a Neutral rating on the shares. The analyst said they delivered 3Q EPS upside and guided 4Q comfortably above the Street, with an implied tops-down 3Q-4Q increase that’s undemanding versus historic seasonality.