There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on FedEx (FDX) and Cigna Corp (CI) with bullish sentiments.
FedEx (FDX)
Credit Suisse analyst Allison Landry maintained a Buy rating on FedEx on January 10 and set a price target of $236. The company’s shares closed yesterday at $170.99, close to its 52-week low of $150.94.
According to TipRanks.com, Landry is a 5-star analyst with an average return of 9.9% and a 63.6% success rate. Landry covers the Services sector, focusing on stocks such as Expeditors International, Kansas City Southern, and Old Dominion Freight.
FedEx has an analyst consensus of Strong Buy, with a price target consensus of $215.53, representing a 26.0% upside. In a report issued on January 7, Berenberg Bank also maintained a Buy rating on the stock with a $245 price target.
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Cigna Corp (CI)
Credit Suisse analyst A.J. Rice maintained a Buy rating on Cigna Corp yesterday and set a price target of $250. The company’s shares closed yesterday at $194.66.
According to TipRanks.com, Rice is a 4-star analyst with an average return of 8.5% and a 59.9% success rate. Rice covers the Services sector, focusing on stocks such as Quest Diagnostics Inc, Genesis Healthcare, and Acadia Healthcare.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cigna Corp with a $240.21 average price target, which is a 23.4% upside from current levels. In a report issued on January 3, Raymond James also upgraded the stock to Buy.
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