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Argus Research Sticks to Its Buy Rating for FedEx (FDX)

Tipranks - Tipranks - Tue Apr 7, 8:18AM CDT

Argus Research analyst Kristina Ruggeri maintained a Buy rating on FedEx on April 2 and set a price target of $400.00. The company’s shares closed last Thursday at $361.63.

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According to TipRanks, Ruggeri is a 4-star analyst with an average return of 12.5% and a 58.82% success rate.

In addition to Argus Research, FedEx also received a Buy from TipRanks – Google’s Google Integrated Freight and Logistics in a report issued on March 29. However, on March 27, TipRanks – Anthropic reiterated a Hold rating on FedEx (NYSE: FDX).

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Based on FedEx’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $24 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $22.16 billion and had a net profit of $909 million

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