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J.P. Morgan Remains a Hold on FedEx (FDX)

Tipranks - Tipranks - Fri Apr 10, 2:44AM CDT

In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Hold rating on FedEx, with a price target of $432.00.

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Ossenbeck covers the Industrials sector, focusing on stocks such as FedEx, United Parcel, and Old Dominion Freight. According to TipRanks, Ossenbeck has an average return of 7.5% and a 51.66% success rate on recommended stocks.

In addition to J.P. Morgan, FedEx also received a Hold from TipRanks – xAI’s xAi Integrated Freight and Logistics in a report issued on March 27. However, on April 7, Wolfe Research maintained a Buy 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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