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Barclays cuts FedEx PT amid tariff-driven earnings concerns

ReutersJun 3, 2025 10:50 AM

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

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