FedEx (FDX) PT Lowered to $330 at Susquehanna
Susquehanna analyst Bascome Majors lowered the price target on FedEx (NYSE: FDX) to $330.00 (from $345.00) while maintaining a Positive rating.
The analyst commented: "FDX’s results clearly disappointed their own expectations, and parcel price competition should weigh on sector sentiment. We remain Positive on shares, but clear-eyed that it will take time, execution, and stabilization in the competitive landscape to restore sentiment. FDX reported F1Q25 adj. EPS of $3.60 (ex. $100M/$0.39 in items), $1.21 below our $4.81 and $1.15 below
consensus."