# HSBC Moves FedEx to Buy and Raises Its Price Target to $370 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/44066 Published: 2026-10-30T00:22:41.000Z Updated: 2026-10-30T00:22:41.000Z Section: Investing > HSBC pointed to pricing, a richer service mix and savings from FedEx’s network overhaul as support for its earnings view. HSBC moved FedEx to Buy from Hold and raised its price target to $370 on Oct. 29, pointing to pricing, service mix and savings from the company’s network overhaul. The new target is $30 above the previous $340 level. HSBC cited those factors as support for its earnings outlook. FedEx [beat expectations in its latest quarterly report and lifted its full-year earnings outlook](). ## Links in this article - [beat expectations in its latest quarterly report and lifted its full-year earnings outlook](https://www.tokenpost.com/news/investing/43932)