FedEx Stock (FDX) Gets Upgraded by Jefferies Despite Weak Outlook
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Jefferies Financial Group upgraded FedEx (FDX) stock to Buy from Hold, despite mixed financial results and weak guidance. Analyst Stephanie Moore lowered the price target to $275 from $300, reflecting challenges faced by the stock, which is down 13% this year. FedEx reported EPS of $4.51, below expectations, and lowered its full-year forecasts due to weak demand and trade tariff impacts. The stock has a consensus Moderate Buy rating among analysts, with an average price target of $292.39, indicating a potential upside of 20.63%.
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