FedEx rallies after being named 'best idea' by Stephens

|About: FedEx Corporation (FDX)|By:, SA News Editor

FedEx (NYSE:FDX) is up 2.76% and reached an all-time high of $256.90 earlier in the day.

The transportation stock was named the 2018 Best Idea by Stephens on the firm's view that FedEx will benefit from an improved global economy.

Stephens sees Fedex running to as high as $350 over the next 18 months as the TNT Express integration issues fade away. The 12-month price target from Stephens on FDX is $306.

Source: Bloomberg