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FedEx (FDX) Stock: $250 Price Target And Equal-Weight RatingApr 4th, 2022 10:32 EST
- The shares of FedEx Corporation (NYSE: FDX) have received a $250 price target from Morgan Stanley. These are the details.
The shares of FedEx Corporation (NYSE: FDX) have received a $250 price target from Morgan Stanley. And Morgan Stanley analyst Ravi Shanker is maintaining an “Equal-Weight” rating on the shares.
Shanker cited FedEx founder, Chairman, and CEO Fred Smith becoming Executive Chairman and the current President and COO Raj Subramaniam being promoted to President and CEO. And Shanker noted that this move not likely to surprise the market at all given that there has been some speculation on a succession plan for a few years now.
Subramaniam has been COO since 2019 and has been widely viewed as Smith’s eventual successor.
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