FedEx: UBS remains on 'buy', lowers target
(CercleFinance.com) - UBS confirms its 'buy' recommendation for FedEx with a target price adjusted from 380 to 369 dollars, a new target implying upside potential of 46% for the US parcel and logistics group.
The day after the quarterly results were published, the broker considers FedEx's new targets to reflect a considerably higher EPS performance in the second half of the 2022 financial year, sustained by improvements in the availability of labour.
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