FedEx (FDX) PT Raised to $343 at Goldman Sachs

December 17, 2021 6:35 AM EST
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Price: $181.41 +0.53%

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    16 Buy, 22 Hold, 0 Sell

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Goldman Sachs analyst Jordan Alliger raised the price target on FedEx (NYSE: FDX) to $343.00 (from $338.00) while maintaining a Conviction Buy rating following strong results.

The analyst commented, "FDX generated operating EPS of $4.83 per share, or well ahead of GS/Factset consensus of $4.15/$4.28. While Ground margin faced significant headwinds mostly related to previously discussed labor and ensuing network inefficiencies, the Express segment outperformed largely on the back of strong yields and International Priority growth."

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