Shares of FedEx Corp. (NYSE:FDX) on Tuesday breached $300 for the first time in its 42-year history as a public company and closed at a record high after investment firm UBS ratcheted up its earnings-per-share forecast for the company’s fiscal 2021 second quarter to $4.20 and raised its 12-month price target to $380 a share from its previous level of $320.
The Memphis, Tennessee-based titan releases its quarterly results Dec. 17, and UBS analyst Tom Wadewitz said in a Tuesday note to expect a...
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