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Dahlman Rose Raises Price Target on FedEx (FDX)

By
February 11th, 2013

Dahlman Rose Raises Price Target on FedEx (FDX)

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Dahlman Rose reported on Monday that they have increased their price target for shipping company, FedEx Corporation(FDX).

The firm, which currently has a “Buy” rating on FDX, has increased the company’s price target to $117. This price target suggests a 9% increase from the stock’s current price of $106.41.

Analysts at the firm have raised FDX’s price target based on earnings growth and restructuring

FedEx shares were mostly flat during premarket trading Monday. The stock has increased 11.7% in the past year.

The Bottom Line
Shares of FedEx Corporation(FDX) have a 0.53% yield, based on Friday’s closing price of $106.41.

FedEx Corporation(FDX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.