FedEx Stock Price Target Raised to $330 by Truist Securities
FedEx, a leading logistics and transportation company, has seen its stock price target raised to $330 from $285 by Truist Securities. This move comes as a result of the company's strong performance in the recent quarter.
The decision by Truist Securities is based on FedEx's ability to maintain its market share and increase its revenue despite the challenges posed by the pandemic. The company's strong balance sheet and cash flow generation have also been cited as reasons for the increase in the stock price target.
FedEx has been a major player in the logistics and transportation industry, and its stock has been a favorite among investors. The company's strong performance in the recent quarter has been driven by its ability to adapt to the changing market conditions and its focus on providing excellent customer service.
The stock price target of $330 represents a significant increase from the previous target of $285. This move is expected to boost investor confidence in the company and its stock.
FedEx Stock Price Target Raised to $330 by Truist Securities
- Stock price target: $330
- Previous stock price target: $285
- Reason for increase: Strong performance in recent quarter, ability to maintain market share and increase revenue
Sources
[7] FedEx stock price target raised to $330 from $285 at Truist Securities