FedEx surges 11% after lifting guidance; Analyst upgrades amid 'deeply-discounted valuation'

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Go back to FedEx surges 11% after lifting guidance; Analyst upgrades amid 'deeply-discounted valuation'

FedEx (FDX) PT Raised to $242 at Stifel

March 17, 2023 1:23 PM EDT

Stifel analyst J. Bruce Chan raised the price target on FedEx (NYSE: FDX) to $242.00 (from $222.00) while maintaining a Buy rating.

The analyst commented, "As we previewed earlier this week, a soft operating environment in F3Q23 led to top line pressure at... More