FedEx added to Focus List at Citigroup Citigroup added FedEx to its Focus List saying the competitive dynamic in the U.S. small package market has improved in the company's favor. Citi reiterates a Buy rating on FedEx with a $170 price target.
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.