Jefferies raised the firm’s price target on FedEx to $265 from $245 and keeps a Hold rating on the shares after the company reported Q1 EPS “well above expectations.” However, despite beating expectations by 84c, the company effectively raised its full year EPS guide “just” 25c by raising the low end and keeping the high end, says the analyst, who views shares as “appropriately priced for 20%+ EPS growth in FY24 and FY25.”
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