Bernstein raised the firm’s price target on FedEx (FDX) to $250 from $247 and keeps a Market Perform rating on the shares. The company reported an earnings beat in fiscal Q1 but the reinstated full year guidance is “underwhelming on the operating leverage front,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX: