FedEx's stock gains after BofA Securities says buy, boosts price target by 20% [MarketWatch]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: MarketWatch
Shares of FedEx Corp. gained 0.4% in morning trading, to buck the steep slide in the broader stock market, after BofA Securities analyst Ken Hoexter turned bullish on the package delivery giant, citing the positives associated with Amazon.com Inc.'s decision last week to pause its competing third-party delivery business. Hoexter raised his rating to buy from neutral, and boosted his stock price target by 20%, to $140 from $117. He said Amazon's pausing its Amazon Shipping business "highlights the difficulty" to efficiently enter the business. "We also highlight the integration of FedEx's Express and Ground networks for select e-commerce deliveries, which should reduce network costs, its deployment of dynamic routing software at Ground, the conversion of SmartPost packages into Ground, and the shutdown of belly space, which is aiding airfreight rates," Hoexter wrote in a note to clients. He noted, however, that only about 20% of FedEx revenue comes from business-to-consumer deliveries,
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FDX
News
- FedEx (NYSE:FDX) had its price target raised by analysts at JPMorgan Chase & Co. from $274.00 to $285.00. They now have a "neutral" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "positive" rating reaffirmed by analysts at Susquehanna.MarketBeat
- FedEx (NYSE:FDX) had its price target raised by analysts at BMO Capital Markets from $255.00 to $265.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- FedEx planning to cut 856 jobs in Texas - report [Seeking Alpha]Seeking Alpha
FDX
Earnings
- 9/18/25 - Beat
FDX
Sec Filings
- 12/3/25 - Form SCHEDULE
- 11/6/25 - Form 8-K
- 10/30/25 - Form SCHEDULE
- FDX's page on the SEC website