FedEx stock (NYSE: FDX) is expected to see higher levels after it announced the spin-off of its freight business. While this move was awaited, it bodes well for the stock, unlocking shareholder value.
Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and raised their target price for the stock from $288.00 to $365.00 in a report on Friday. Finally, Bernstein ...
Bernstein Bank lifted their target price on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, Susquehanna ...
FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company ...