Susquehanna raised the firm’s price target on FedEx (FDX) to $300 from $285 and keeps a Positive rating on the shares. The firm noted their expanded full year adjusted EPS outlook topped Susquehanna’s recent cuts and sense of buyside expectations. The implied lack of operating leverage on better revenue growth bears watching, but net- net this feels better than feared.
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:
- FedEx price target lowered to $296 from $308 at Stifel
- FedEx’s Strategic Adaptations and Strong Performance Justify Buy Rating
- FedEx price target lowered to $284 from $285 at JPMorgan
- FedEx price target raised to $250 from $235 at Wells Fargo
- FedEx Faces Structural Challenges Despite Strong Revenue Forecast: Analyst Issues Sell Rating