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FedEx Added to US 1 List at Bank of America Merrill Lynch (FDX)
Analysts at Bank of America Merrill Lynch said on Monday that they are adding shipping and e-commerce company FedEx Corporation (FDX
) to it “US 1 List”, which is a collection of the best “Buy” rated stocks according to the research and analyst team.
Citing positive volume trends and improved cost cutting measures, the analysts added FDX to the list. The firm sees shares reaching $122, which suggests an +18% upside to Friday’s closing price of $102.76.
FedEx shares were up 70 cents, or +0.68%, during morning trading on Monday. The stock is up +9.42% over the past year.
The Bottom Line
Shares of FedEx (FDX) have a dividend yield of 0.54% based on Monday’s intraday trading price of $103.47.
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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