After-hours movers: FedEx, Nike, Chewy, and more

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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

BofA Securities Reiterates Buy Rating on Nike (NKE)

September 20, 2024 9:34 AM EDT

BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating and $104.00 price target on Nike (NYSE: NKE).

The analyst comments "Nike's recent financial and stock underperformance left it in need of a shakeup, and we view this change positively. NKE announced that Elliott Hill... More

Nike (NKE) PT Raised to $95 at Wells Fargo

September 20, 2024 5:35 AM EDT

Wells Fargo analyst Kate Fitzsimons raised the price target on Nike (NYSE: NKE) to $95.00 (from $86.00) while maintaining a Overweight rating.

The analyst comments "AMC, NKE announced that CEO John Donahoe will be stepping down, handing the reins to former NKE exec... More

Nike (NKE) PT Raised to $110 at Evercore ISI

September 20, 2024 5:25 AM EDT

Evercore ISI analyst Michael Binetti raised the price target on Nike (NYSE: NKE) to $110.00 (from $105.00) while maintaining a Outperform rating.

The analyst comments "We Still Expect Tension for the Stock: This turnaround will be complexand will take time. In the near-term, our... More