JPMorgan Downgrades FedEx Amid Freight Segment Concerns
JPMorgan downgrades FedEx from Overweight to Neutral, cutting price target to $274. Analyst cites freight segment challenges and concerns over earnings guidance.
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JPMorgan downgrades FedEx from Overweight to Neutral, cutting price target to $274. Analyst cites freight segment challenges and concerns over earnings guidance.
FedEx posted higher profits & revenue, thanks to cost cuts & strong US package volumes. They plan to spin off FedEx Freight by June 2026. Rates will rise 5.9% in Jan 2026. FedEx forecasts revenue growth despite tariff impacts, aiming for $1B in cost savings.