FedEx quarterly profit disappoints as demand for speedy delivery wanes
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St futures rise as AI stocks gain, oil prices slide
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Anthropic and Accenture partner on embedded AI safety evaluation
FedEx (FDX) PT Lowered to $308 at BofA Securities
September 20, 2024 9:36 AM EDTBofA Securities analyst Ken Hoexter lowered the price target on FedEx (NYSE: FDX) to $308.00 (from $345.00) while maintaining a Buy rating.
The analyst comments "FedEx's shares are bid down 11% or $33 in after hours trading as results missed targets as B2B volumes stalled on macro weakness (mix pressures on margins), DRIVE savings were lower than expected (it sees... More
