Home / FedEx / FedEx (FDX) Stock Gaining Today Despite Credit Suisse Price Target Cut

FedEx (FDX) Stock Gaining Today Despite Credit Suisse Price Target Cut

NEW YORK (TheStreet) — Shares of FedEx Corp.  are up 0.68% to $174.47 in morning trading Thursday despite Credit Suisse's price target cut to $198 from $203, while maintaining its "outperform" rating.  "We continue to expect improving returns and margins as a result of expanding capex in the Ground business, which should enable both increased capital efficiency and free cash flow generation …

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