Dahlman Rose reported on Monday that they have increased their price target for shipping company, FedEx Corporation(FDX).
The firm, which currently has a “Buy” rating on FDX, has increased the company’s price target to $117. This price target suggests a 9% increase from the stock’s current price of $106.41.
Analysts at the firm have raised FDX’s price target based on earnings growth and restructuring
FedEx shares were mostly flat during premarket trading Monday. The stock has increased 11.7% in the past year.
The Bottom Line
Shares of FedEx Corporation(FDX) have a 0.53% yield, based on Friday’s closing price of $106.41.
FedEx Corporation(FDX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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