- FedEx Corp's (NYSE: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.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Deutsche Bank Cuts FedEx's Price Target By 4%
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks