HSBC Moves FedEx to Buy and Raises Its Price Target to $370
Photo: TokenPost
HSBC moved FedEx to Buy from Hold and raised its price target to $370 on Oct. 29, pointing to pricing, service mix and savings from the company’s network overhaul. The new target is $30 above the previous $340 level. HSBC cited those factors as support for its earnings outlook. FedEx beat expectations in its latest quarterly report and lifted its full-year earnings outlook . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
