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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on FedEx Corporation on Continued Improvement

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In a report published Friday, Dahlman Rose reiterated its Buy rating on FedEx Corporation (NYSE: FDX), and raised its price target from $98.00 to $117.00.

Dahlman Rose noted, “We are raising our price target to $117, from $98 and reiterating our Buy rating after discussions with management. We believe the company will continue to see earnings growth as they restructure the Express segment. Due to limited CAPEX in the coming years, FedEx will look to return capital to shareholders.”

FedEx Corporation closed on Thursday at $106.98.

Latest Ratings for FDX

DateFirmActionFromTo
Apr 2017Loop CapitalInitiates Coverage OnBuy
Mar 2017BMO CapitalUpgradesMarket PerformOutperform
Feb 2017Raymond JamesUpgradesMarket PerformOutperform

View More Analyst Ratings for FDX
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Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

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