Barclays analyst Brandon Oglenski maintains $FedEx (FDX.US)$ with a buy rating, and adjusts the target price from $350 to $365.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $FedEx (FDX.US)$'s main analysts recently are as follows:
Transportation equities are poised to potentially benefit from reduced U.S. corporate tax rates after the election of Donald Trump. With market multiples climbing and a more optimistic outlook for cyclical U.S. industrial exposure, price targets within the sector have been raised.
Sentiment for the North American transportation sector seems to have 'rapidly improved,' despite mixed third-quarter earnings and generally cautious fourth-quarter forecasts. Concerns are emerging that investors may be pursuing shares that have already experienced significant increases, with the necessity for companies to substantially exceed estimates to rationalize present valuations. Additionally, there's a growing apprehension that earnings for the year 2025 could fall short of expectations.
Note:
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