FedEx Posts Downbeat Q1 Earnings, Cuts Guidance: Why Analysts See More Downside Ahead
FedEx(FDX) Benzinga·2024-09-20 23:11
Shares of FedEx Corp FDX tanked climbing in early trading on Friday, after the company reported downbeat results for its fiscal first quarter.Here are some key analyst takeaways.BMO Capital Markets analyst Fadi Chamoun reiterated a Market Perform rating, while reducing the price target from $325 to $300.Stifel analyst Bruce Chan maintained a Buy rating, while cutting the price target from $327 to $321.Goldman Sachs analyst Jordan Alliger reaffirmed a Buy rating, while reducing the price target from $332 to ...