** At least five brokerages lift PT on package delivery company FedEx FDX.N after co expects holiday-quarter adjusted profit to top Wall Street's estimates
** FDX says earnings for its third quarter, ending February 28, will exceed analysts' consensus
** TD Cowen says co is shifting more of its business toward high-margin segments such as data centers, healthcare, automotive and premium cross-border shipping, which should support better profitability even if overall growth stays moderate
** Stephens notes FedEx is using new technology, AI and automation to make its network more efficient and modernize its operations
** 18 of 30 brokerages rate the stock "buy" or higher, 10 "hold" and 2 "sell"; their median PT is $352- data compiled by LSEG
** As of last close, stock up 27.9% YTD
Brokerages | New PT | Old PT |
TD Cowen | $383 | $313 |
Stephens | $405 | $330 |
BMO | $400 | $290 |
Truist | $400 | $330 |
Deutsche Bank | $479 | $322 |
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))