- The shares of FedEx Corporation (NYSE: FDX) have received a $380 price target from UBS. These are the details.
The shares of FedEx Corporation (NYSE: FDX) have received a $380 price target from UBS. And UBS analyst Thomas Wadewitz is maintaining a “Buy” rating on the company shares after lowering the price target from $397.
Wadewitz noted that the cost pressures expected to show up in the first-quarter results and related to ground hub ramp up and incentive comps are likely to be transitional. But the headwinds from a tight labor market could persist.
On September 21, FedEx will be reporting its earnings for the first quarter of the new fiscal year. Many investors are eagerly awaiting to see the results for the annual guidance.
Some analysts are waiting until later this year to buy more shares in the company. At that point, the labor cost issues will be figured out and the holiday shipping surcharges will also be applied.
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