Movement Alert｜FedEx Falls 3.01% in Regular Trading, Multiple Investment Banks Cut Price Targets Amid Sector-Wide Weakness

Market Focus

Sep 24

On September 24, FedEx fell 3.01% in regular trading, trading at $282.82 per share, with turnover of $191 million. The decline came as a wave of investment bank downgrades on price targets coincided with broad weakness across the air freight and logistics sector.

On the news front, Goldman Sachs recently cut its price target on FedEx's independently listed subsidiary FedEx Freight from $186 to $171, while maintaining a Buy rating. Earlier, JPMorgan had slashed its target on FedEx from $460 to $400, Evercore ISI adjusted to $350, and Rothschild & Co lowered its target to $329 from $344, maintaining a Neutral rating. The consensus mean price target among analysts polled stands at approximately $368, reflecting a sustained contraction in valuation expectations.

The broader Air Freight & Logistics sector saw a collective decline, with United Parcel Service down 3.05%, GXO Logistics down 3.32%, Expeditors down 1.39%, C.H. Robinson down 1.29%, and ZTO Express down 0.03%, underscoring widespread industry pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Robinson down 1.29%, and ZTO Express down 0.03%, underscoring widespread industry pressure.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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