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FDX: Argus Research Raises Price Target, Maintains 'Buy' Rating
Argus Research, led by analyst John Eade, has maintained its ‘Buy’ rating for FedEx (FDX) and raised its price target from $350.00 to $400.00, a 14.29% increase. This positive outlook aligns with other analysts who have also raised their price targets for FedEx, highlighting strong investor confidence and the company’s robust market position as the world’s largest express package provider. Despite consistent analyst “Buy” recommendations, GuruFocus estimates a potential downside of 16.91% from the current price based on its GF Value model.