With the company set to release earnings on Wednesday, many FedEx Corporation FDX 1.83% traders are wondering how the stock will react to the latest earnings numbers. However, long-term investors are likely much more interested in the outlook for the company in terms of months and years, rather than days.
What’s in store for FedEx in the long run? Here’s what several big-name Wall Street firms have had to say about the stock recently.
Barclays
Barclays analysts believe that “excess Express capacity has likely eroded some pricing power for FedEx,” and they believe that the current share price offers minimal upside potential. Barclays has an Equal Weight rating on FedEx and a $180 target for the stock.
Morgan Stanley
Morgan Stanley believes FedEx’s current guidance appears “very conservative” and could easily see the company exceeding low expectations.
UBS
UBS analysts see…
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