Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Fedex Sees Share Growth

Fedex (NYSE: FDX) shares grew by 1.48 percent Friday, according to The Street, prompting the company to raise their target price from $177 to $203. 

According to The Street team, Fedex stock is strong and labels it a buy: 

"We rate FEDEX CORP (FDX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."