FedEx Slashed, Fintech Reshuffled in Analyst Sweep

FedEx took the sharpest hit in today's analyst activity. The consensus target price dropped from $382 to $321 — a cut of roughly $61. That's a 16% reduction. The delivery giant carries a $79 billion market cap and just 1.6% short interest, so this is a rating call, not a short-seller story.

The bigger theme was a fintech reshuffle. Several analysts dropped coverage of payment processors. Fiserv, Paychex, Jack Henry & Associates, and Global Payments all lost a recommendation each. At the same time, Block picked up a new initiation, with consensus target near $90.

PayPal got a modest target lift. Average consensus price moved from $51.35 to $51.54. Short interest sits at 6.1% of free float. Bears remain present but not dominant.

On the insurance side, Arch Capital and Everest Group both saw target price bumps. Aptiv and Incyte also got consensus upgrades.

The standout today is the FedEx target cut. Logistics faces continued margin pressure. Analysts appear to be repricing the recovery timeline lower.