FedEx price target raised to $317 from $292 at Loop Capital

Loop Capital analyst Rick Paterson raised the firm’s price target on FedEx to $317 from $292 but keeps a Hold rating on the shares as part of a broader research note on Transportation. A freight recession “just won’t let go”, and while the end is “no doubt” closer than the beginning of it, green shoots remain scarce and nobody has any visibility, the analyst tells investors in a research note.