The firm said the company will likely raise the dividend and announce a new buyback program at its annual meeting.
Cowen set a $210 price target on the stock.
Separately, TheStreet Ratings team rates FEDEX CORP as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FEDEX CORP (FDX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: FDX Ratings Report