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FedEx Corp (FDX) shares recently surpassed the average analyst 12-month target price of $198.16, trading at $202.11 per share. This movement prompts analysts to consider either downgrading their valuation or adjusting targets higher, depending on the underlying business fundamentals impacting the stock.
Within the Zacks coverage universe, there are 19 analyst targets for FedEx, ranging from a low of $145.00 to a high of $275.00, with a standard deviation of $30.81. Currently, the breakdown shows 8 strong buy ratings, 15 hold ratings, and no sell ratings, resulting in an average rating of 2.3 on a scale where 1 is Strong Buy and 5 is Strong Sell.
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