** 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
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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