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UBS Lowers FedEx’s Price Target, Keeps Buy Rating

UBS Lowers FedEx's Price Target, Keeps Buy Rating

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UBS analyst Thomas Wadewitz lowered FedEx Corp’s (NYSE:FDX) price target to $380 (implying an upside of 47.2%) from $397 and maintained a Buy rating on the shares.  Wadewitz says cost pressures expected to show up in Q1 results and related to ground hub ramp up and incentive comps are likely to be transitional, but headwinds from a tight labor market could persist.

...read full article on Benzinga

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