- UBS analyst Thomas Wadewitz lowered FedEx Corp's FDX price target to $380 (implying an upside of 47.2%) from $397 and maintained a Buy rating on the shares.
- Wadewitz says cost pressures expected to show up in Q1 results and related to ground hub ramp up and incentive comps are likely to be transitional, but headwinds from a tight labor market could persist.
- Recently, FedEx and salesforce.com, inc. CRM announced a new multi-year partnership to deliver fast and easy shipping, end-to-end e-commerce, and supply chain management.
- Price Action: FDX shares are trading higher by 0.24% at $259 during the premarket session on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
