FedEx (FDX) Jumps 10% on 53% Dividend Hike, Deal with Activist to Add Directors

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Go back to FedEx (FDX) Jumps 10% on 53% Dividend Hike, Deal with Activist to Add Directors

Baird Remains Buyers of FedEx (FDX) Following Favorable Strategy Shifts

June 15, 2022 6:51 AM EDT

Baird analyst Garrett Holland reiterated an Outperform rating and $300.00 price target on FedEx (NYSE: FDX) after the company announced a 53% dividend hike and deal with D.E. Shaw to add two to the board, with a third later.

The analyst commented, "The announcement of... More

Morgan Stanley Unenthusiastic on FedEx (FDX): 'none of this addresses the real pressures facing the business'

June 14, 2022 11:35 AM EDT

Morgan Stanley analyst Ravi Shanker reiterated an Equalweight rating and $245.00 price target on FedEx (NYSE: FDX).

The analyst comments "W. While the market may welcome todays shareholder friendly actions, in our view none of this addresses the real pressures facing the business. A massive boost to cash return risks capitalizing pandemic gains that we think are highly likely to mean revert in... More

Citi on FedEx (FDX), 'see solid upside beyond today’s move'

June 14, 2022 11:33 AM EDT

Citi analyst Christian Wetherbee reiterated a Buy rating and $270.00 price target on FedEx (NYSE: FDX).

The analyst comments "Ending several months of market discussion, FedEx announced an agreement with DE Shaw which includes the nomination of two new directors, a change in... More

FedEx (FDX) Has New Day Dawning says Stephens

June 14, 2022 10:05 AM EDT

Stephens maintains Overweight on FedEx (NYSE: FDX), PT $285.00.

Analyst Jack Atkins comments "FedEx announced that it has reached a cooperation agreement with activist investor D.E. Shaw which will add three new investors to its Board of Directors, including... More