BUZZ-Daiwa Capital Markets raises FedEx PT after spin-off
ReutersDec 24, 2024 4:54 PM
Daiwa Capital Markets raises FedEx FDX.N PT to $285 from $272 in a note dated Dec. 23; maintains "neutral" rating
Brokerage says the PT raise reflects the finalization of the FDX Freight spin-off decision
New PT represents about a 6% upside to the stock's last close
FDX announced the much-anticipated spin-off of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business
Up to the last close, stock up 6.3% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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