BUZZ-Barclays raises FedEx PT on AI-fueled growth expectation
Reuters
Feb 10
BUZZ-Barclays raises FedEx PT on AI-fueled growth expectation
** 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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