UBS raised the firm’s price target on FedEx (FDX) to $314 from $293 and keeps a Buy rating on the shares. Stronger revenue growth in Federal Express and stronger margin improvement of 65 basis points year over year drove the upside in Q1 while Freight operating margin was 190 bp worse than the firm expected, the analyst tells investors in a research note. UBS sees a positive response from the stock, as sentiment was “poor” heading into the print.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx’s Strong Q1 Performance and Future Growth Potential Drive Buy Rating
- FedEx price target raised to $244 from $240 at BofA
- FedEx price target raised to $279 from $275 at Citi
- FedEx: Navigating Mixed Signals Amid Economic Uncertainties and Strategic Shifts
- FedEx Reports Strong Q1 Earnings and Strategic Plans