Raj Subramaniam Named as FedEx Express President and CEO

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FedEx (FDX) PT Lowered to $250 at Stephens Ahead of 2Q Report

December 11, 2018 7:12 AM EST

Stephens analyst Jack Atkins lowered the price target on FedEx (NYSE: FDX) to $250.00 (from $306.00) while maintaining a Overweight rating ahead of the company's 2Q report. Friday's departure of FedEx Express CEO, David Cunningham, raises red flags. Investors are understandably nervous following several disappointing... More