FedEx stock rises after analyst urges investors to buy ahead of earnings

Shares of FedEx Corp. rose Thursday after Stifel Nicolaus analyst Bruce Chan boldly urged investors to buy just before the package delivery company reports earnings, saying there is “too much opportunity” for investors to ignore.FedEx is scheduled to report... Shares of FedEx Corp. rose Thursday after Stifel Nicolaus analyst Bruce Chan boldly urged investors to buy just before the package delivery company reports earnings, saying there is “too much opportunity” for investors to ignore.

He raised his rating to buy, after being at hold for the past six months, and lifted his stock price target to $222 from $171. The upgrade before earnings is a bold move for Chan. His previous downgrade to hold on Sept. 16, 2022, came after FedEx issued a profit and revenue warning that sent the stock plunging a record 21.4% that day.

For FedEx’s second quarter, the company beat profit expectations but fell short on revenue, with its Express, Ground and Freight segments all missing expectations.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »