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Bernstein Sticks to Their Buy Rating for FedEx (FDX)

Tipranks - Tipranks - Sat Feb 21, 1:24AM CST

Bernstein analyst David Vernon maintained a Buy rating on FedEx today and set a price target of $427.00.

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According to TipRanks, Vernon is a 5-star analyst with an average return of 12.5% and a 66.67% success rate. Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, FedEx, and Union Pacific.

In addition to Bernstein, FedEx also received a Buy from TD Cowen’s Jason Seidl in a report issued on February 13. However, on the same day, J.P. Morgan maintained a Hold rating on FedEx (NYSE: FDX).

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Based on FedEx’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $23.47 billion and a net profit of $956 million. In comparison, last year the company earned a revenue of $21.97 billion and had a net profit of $741 million

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