Loop Capital raised the firm’s price target on FedEx to $241 from $179 but keeps a Hold rating on the shares as part of a broader research note on Air Freight & Logistics. The analyst cites the company’s FY23 earnings guidance raise announced last week, along with a higher target valuation multiple.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FDX: