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- FedEx Corp's FDX price target has been lowered to $298 (an upside of 35%) from $310 by Deutsche Bank analyst Amit Mehrotra.
- The analyst maintained his Buy rating on FDX's shares.
- Related: Read How Analysts Reacted To FedEx's Q3 Results
- Mehrotra noted the company reported weaker fiscal Q3 results, and management walked away from its double-digit margin target for Ground in the second half.
- Also read: CNBC's Final Trades: Amazon, FedEx And These Health Care Picks
- Price Action: FDX shares are trading higher by 0.85% at $220.78 on the last check Monday.
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