Truist cuts target for FedEx stock to USD 350.00
Published on 10/08/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
FedEx Corp. (ISIN US31428X1063) was trading at EUR 256.55 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST. On October 7, 2026, Truist Financial lowered its FedEx target from USD 365.00 to USD 350.00 while retaining a Buy rating, according to MarketBeat. FedEx is listed on the NYSE under ticker FDX, as identified by TradingView.
Three events reshape the carrier
On September 30, 2026, FedEx ordered 2,000 electric trucks from Harbinger in a deal valued at USD 300 million, according to Mezha. On October 1, 2026, FedEx completed the sale of FedEx Supply Chain to CMA CGM for an enterprise value of USD 1.4 billion, per FedEx. On October 7, 2026, the Truist target moved from USD 365.00 to USD 350.00, as GuruFocus reported.
What does the target cut change?
The reduced target is a quantified counterweight to the retained Buy rating. MarketBeat lists 29 analysts covering FedEx, with an average target of USD 354.08, while the latest Truist target stands USD 4.08 below that consensus figure.
Annual numbers show the tradeoff
FedEx fiscal 2026 revenue increased 7.70 percent to USD 94.72 billion from USD 87.93 billion, while diluted earnings per share rose 10.40 percent to USD 18.55 from USD 16.81, according to Financial Report Insights. The same fiscal-year analysis put operating margin at 5.80 percent versus 5.90 percent a year earlier and attributed the pressure partly to USD 738 million of FedEx Freight spin-off costs.
The figures frame the analyst debate: revenue and earnings improved in fiscal 2026, but the margin comparison remained weaker. The portfolio moves add a second test, because the sale simplifies operations while the electric-truck order commits capital to network modernization.
FedEx stock stays below prior close
FedEx Corp. was trading at EUR 256.55 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST, down 0.50 percent versus the Lang & Schwarz prior close of EUR 257.85 on October 7, 2026. The primary NYSE quote was USD 287.39 at 9:53 a.m. ET on October 8, 2026, while the 52-week range was USD 180.87 to USD 345.37.
The further course of trading is shown by the continuously updated real-time quote of FedEx stock.
FedEx stock facts
- Company: FedEx Corporation
- ISIN: US31428X1063
- Ticker: FDX
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026, 3:40 p.m. CEST: EUR 256.55
- Change versus prior close: minus 0.50 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 257.85
- Market capitalization: USD 68.0 billion as of October 8, 2026
- 52-week range: USD 180.87-345.37 as of October 8, 2026
- Sector / Industry: Industrials / Integrated Freight & Logistics
- Index membership: S&P 500
Market context: Market report S&P 500.
