FedEx price target raised to $327 from $303 at Stifel

Stifel raised the firm’s price target on FedEx to $327 from $303 and keeps a Buy rating on the shares after the company reported “solid” fiscal Q4 adjusted EPS that exceeded consensus and the firm’s estimates. FY25 guidance was just above Street forecasts at the midpoint, but “the big news is FedEx Freight is under strategic portfolio review,” which likely results in a spinoff, the analyst added. The division has “quietly grown from the family outcast to the most profitable division in the portfolio,” and with peer valuations at nearly double that of FedEx, such a move “makes sense to us,” says the analyst, who adds that “there’s still a lot of wood to chop.”