FedEx price target raised to $108 from $99 at Citigroup Citigroup expects FedEx's profitability improvement plan to drive consensus estimates higher and multiple expansion. The firm raised its price target for shares following the company's investor meeting and keeps a Buy rating on FedEx.
FedEx upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.