JPMorgan cuts target for FedEx stock from USD 400 to USD 399

Published on 10/15/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FedEx stock costs EUR 260.65 on October 15, 2026, above the Xetra close. It is 22.81 percent below its EUR 337.70 52-week high for the year.

FedEx decision and market context

On October 5, 2026, JPMorgan cut its FedEx target from USD 400 to USD 399.
FedEx completed a USD 1.4 billion supply-chain sale on October 2, 2026.
FedEx stock trades at EUR 260.65 at 11:16 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.75 percent above the Xetra close of October 14, 2026.

Bauhaus-Poster mit Text LOGISTIK, geometrische Formen in Rot, Blau, Gelb — FedEx Corp. Logistiksektor US31428X1063 als geometrisches Bauhaus-Poster in Primärfarben mit großem LOGISTIK-Schriftzug, Illustration mit AI erstellt.

FedEx Corporation (ISIN US31428X1063) is trading at EUR 260.65 at Lang & Schwarz on October 15, 2026, 0.75 percent above the Xetra close of October 14, 2026 at EUR 258.70. On October 5, 2026, Markets Insider reported that JPMorgan cut its FedEx target from USD 400 to USD 399 while retaining an Overweight rating.

Target cut keeps valuation in view

The change was modest, but JPMorgan also pointed to rising driver availability and hiring costs. Its note formed part of a third-quarter earnings preview and said contract-rate renewals were accelerating toward 2027, while labor costs were becoming a challenge across truckload carriers.

FedEx stock is 22.81 percent below its 52-week high of EUR 337.70 and above its 52-week low of EUR 161.21. The market capitalization is EUR 61.7 billion as of October 15, 2026, giving the target revision a market context beyond the daily move.

What does the portfolio sale change?

Logistics Management reported that FedEx announced the USD 1.4 billion Supply Chain sale on July 1, 2026, and completed it on October 2, 2026. The transaction transferred more than 130 warehouse and distribution centers to CMA CGM and included multiyear air and ocean agreements.

Three dates shape the stock story

On July 1, 2026, FedEx announced the USD 1.4 billion Supply Chain sale. On October 2, 2026, the company completed that transaction. On October 5, 2026, JPMorgan reduced its target from USD 400 to USD 399, according to Markets Insider.

When are results due?

Zacks lists October 28, 2026 as FedEx's confirmed next earnings release date, after the close of the market. The same page gives a consensus estimate of USD 3.45 in adjusted earnings per share for the quarter ending in September 2026.

Results remain the next test

MarketBeat said FedEx reported USD 23.26 billion in revenue and USD 5.88 in earnings per share for the quarter reported on July 21, 2026. Those figures provide the latest reported operating reference before the October 28 release.

Euro quote stays below yearly high

FedEx was trading at EUR 260.65 at Lang & Schwarz on October 15, 2026 at 11:16 a.m. CEST, 0.75 percent above the Xetra close of October 14, 2026 (EUR 258.70). The further course of trading is shown by the continuously updated real-time quote of FedEx stock.