FedEx price target raised to $275 from $250 at Citi

Citi raised the firm’s price target on FedEx to $275 from $250 and keeps a Buy rating on the shares. The company’s fiscal Q3 results were "clearly better than expected and the outlook is constructive," the analyst tells investors in a research note. The firm thinks potential earnings upside in fiscal 2024 is "quite large," saying FedEx posted solidly better Ground results while Express is still running at or near trough margin levels.