FedEx Corp. was downgraded to hold from buy, and its price target cut to $275 per share from $300 by Berenberg analysts, who said the shipping giant had become"too much of a 'show-me story. Shares had seen a recent reprieve amid a CEO change and apparent influence of an activist investor, analysts William Fitzalan Howard and Conor Dwyer said in a note on Friday.
FDX was downgraded to hold from buy, and its price target cut to $275 per share from $300 by Berenberg analysts, who said the shipping giant had become"too much of a 'show-me story. Shares had seen a recent reprieve amid a CEO change and apparent influence of an activist investor, analysts William Fitzalan Howard and Conor Dwyer said in a note on Friday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.