<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>

聯邦快遞

<p>CFRA 對聯邦快遞公司維持賣出評級，將 12 個月目標價上調至 257 美元。儘管運營有所改善，但全球貿易政策和航空貨運能力增長等宏觀經濟挑戰限制了上行潛力。聯邦快遞第二季度的業績顯示，收入增長 7%，調整後的每股收益增長 19%。網絡 2.0 計劃旨在實現 10 億美元的成本節約，聯邦快遞貨運的分拆計劃定於 2026 年 6 月</p>

研究警報：CFRA 維持對聯邦快遞公司股票的賣出評級