FedEx (FDX) Misses Q1 EPS by $1.26, Updates Guidance

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Go back to FedEx (FDX) Misses Q1 EPS by $1.26, Updates Guidance

FedEx (FDX) PT Lowered to $308 at BofA Securities

September 20, 2024 9:36 AM EDT

BofA Securities analyst Ken Hoexter lowered the price target on FedEx (NYSE: FDX) to $308.00 (from $345.00) while maintaining a Buy rating.

The analyst comments "FedEx's shares are bid down 11% or $33 in after hours trading as results missed targets as B2B volumes stalled on macro weakness (mix pressures on margins), DRIVE savings were lower than expected (it sees... More