FedEx (FDX) Stock: $265 Target And Overweight Rating

By Amit Chowdhry ● Jun 29, 2022
  • The shares of FedEx Corporation (NYSE: FDX) have received a $265 price target from BofA Securities. These are the details.

The shares of FedEx Corporation (NYSE: FDX) have received a $265 price target from BofA Securities. And BofA Securities analyst Ken Hoexter increased the price target on FedEx from $231 while maintaining a “Buy” rating on the shares.

Hoexter adjusted the rating following the company’s fourth-quarter results. FedEx reported a Q4 EPS of $6.87, which was $0.01 lower than the analyst estimate of $6.88. And the revenue for the quarter was $24.4 billion compared to the consensus estimate of $24.47 billion. In terms of guidance, FedEx expects a 2023 EPS of $22.50-$24.50, compared to the consensus of $22.41.

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