Shares of FedEx Corp (NYSE: FDX) continued to rally in early trading on Friday, after the company reported upbeat quarterly earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- BMO Capital Markets analyst Fadi Chamoun reiterated a Market Perform rating, while raising the price target from $290 to $310.
- Goldman Sachs analyst Jordan Alliger maintained a Buy rating, while bumping the price target from $291 to $324.
- Oppenheimer analyst Scott Schneeberger reaffirmed a Perform rating on the stock.
Check out other analyst stock ratings.
BMO Capital Markets: FedEx reported its fiscal third-quarter earnings higher than the consensus estimates on the back of an earnings beat by the Express division, which offset softer-than-expected results in Freight and Ground, Chamoun said in a note. “FDX continued to demonstrate solid momentum in terms ...