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FedEx price target raised to $335 from $325 at Argus

Argus analyst John Eade raised the firm’s price target on FedEx to $335 from $325 and keeps a Buy rating on the shares. The company reported fiscal Q4 results that topped expectations, the analyst tells investors in a research note. The firm e thinks the shares currently offer value, particularly as management makes progress with FedEx’s “transformative” five-year plan.

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