FDX Stock: $350 Target By KeyBanc

By Amit Chowdhry ● April 13, 2021
  • The shares of FedEx Corporation (NYSE: FDX) have received a $350 target by KeyBanc. These are the details.

The shares of FedEx Corporation (NYSE: FDX) have received a $350 target by KeyBanc. And KeyBanc analyst Todd Fowler upgraded the rating from Sector Weight to Overweight.

Fowler had cited the proprietary Online Parcel Index — which highlights B2C parcel volumes remaining strong throughout the first quarter.

And Fowler also noted positive trends around airfreight dynamics, leverage in improving global economic activity, and that rational pricing dynamics should more than offset potential impacts from the return to in-person shopping.

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