JP Morgan raises price targets on FedEx Freight and Merck, keeps Overweight rating
JP Morgan kept Overweight ratings on FedEx Freight and Merck and raised price targets to $151 and $175, according to TradingView.
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what happened
JP Morgan analysts maintained their Overweight rating on FedEx Freight Hldg Co and Merck & Co. According to TradingView, the bank lifted its FedEx Freight target from $149 to $151, a 1.3% increase. Based on the source's calculation, that target implies 19.8% upside from the October 30 close of $126.04.
For Merck, the target rose from $165 to $175, or 6.1%. Measured from the October 30 close of $149.52, the implied upside is 17.0%. Benzinga provided the rating and target data in both cases.
why it matters
Revisions like these usually affect individual stocks rather than the broader market, but they show how a major bank views companies in logistics and pharmaceuticals. Investors tend to focus on the trend across several analyst notes rather than a single one. Over the past 30 days, FedEx Freight targets ranged from $115 to $149, while Merck targets ranged from $140 to $180.
tags
instruments
sources
- JP Morgan maintains FedEx Freight Hldg Co at Overweight, raises price target to $151 from $149 — TradingView, 30 October 2026 at 22:35 UTC
- JP Morgan maintains Merck & Co at Overweight, raises price target to $175 from $165 — TradingView, 30 October 2026 at 22:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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