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

In a report published Friday, Dahlman Rose reiterated its Buy rating on FedEx Corporation

, 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.