BUZZ-Barclays raises FedEx PT on AI-fueled growth expectation

Reuters

02/10

** Barclays raises FedEx FDX.N price target on AI-fueled growth expectation ahead of co's investor day on Feb 12

** New PT at $450 from $360 earlier, representing a 23.4% upside on stock's last close

** Brokerage says co's progress towards spinning off its freight business provides meaningful upside potential

** Adds that FDX decision to leverage AI could drive greater supply chain visibility for customers, operational improvements and new commercial growth opportunities

** In 2025, FDX's stock rose 5.3%

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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