<div id="readability-page-1"><p>03:55 PM EST, 12/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We raise our 12-month target by $39 to $257, 13.3x our next-12-month EPS view, above FDX's historical forward three-year average of 13.0x and five-year average of 12.6x. We lift our FY 26 (May) EPS view by $0.45 to $18.45 and  FY 27  by $0.12 to $21.14. Q2 results show transformation progress with revenue up 7% Y/Y to $23.5B and adjusted EPS growing 19% to $4.82. However, a $1B annual headwind from global trade policy continues weighing on international operations. Multiple macroeconomic indicators signal a challenging environment, including manufacturing PMI contraction, declining industrial capacity utilization, and mixed consumer demand patterns. Air cargo capacity growth outpacing demand adds pricing pressure. Network 2.0 initiatives remain on track for $1B in permanent cost savings, and Federal Express margins grew 100 bps to 7.7%. The FedEx Freight spin-off scheduled for June 1, 2026 should unlock value. We maintain our Sell rating as macroeconomic headwinds limit upside despite operational improvements.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

<p>CFRA maintains a Sell rating on FedEx Corporation, raising the 12-month target to $257. Despite operational improvements, macroeconomic challenges such as global trade policy and air cargo capacity growth limit upside potential. FedEx's Q2 results show revenue up 7% and adjusted EPS up 19%. Network 2.0 initiatives aim for $1B cost savings, and FedEx Freight spin-off is set for June 2026.</p>

Research Alert: CFRA Maintains Sell Opinion On Shares Of Fedex Corporation