
Barclays cuts FedEx Corp FDX.N price target to $330 from $350, still an upside of 51.5% to stock's last close
Maintains "overweight" rating
Says co's near-term earnings likely under pressure, given US tariff developments and expected weaker international package volumes
Adds global package market conditions appear to have softened in recent months due to US tariffs and de minimis changes
Barclays, however, says, co appears to be gaining domestic US package market share on the back of higher cost and shrinking UPS UPS.N domestic package business
Cuts FDX 2025 adj. EPS forecast to $18 from $18.24
21 of 32 brokerages rate the stock "buy" or higher, 8 "hold" and 3 "sell"; their median PT is $276 - data compiled by LSEG
As of last close, stock has fallen 22.6% YTD