FedEx price target raised to $274 from $255 at Loop Capital

Loop Capital raised the firm’s price target on FedEx to $274 from $255 and keeps a Hold rating on the shares post the fiscal Q1 report. The company continues to be an “interesting self-help story in an otherwise tepid freight environment that is stymying earnings growth at most freight companies,” the analyst tells investors in a research note. However, the firm thinks a time will come when local infrastructures aren’t as accommodating, which will necessitate some capex and represent present execution risk.