FedEx Shares Poised for Stability Amid Q2 Expectat…
From Financial Modeling Prep: 2024-12-11 11:29:00
Baird analysts reaffirm Outperform rating and $320 price target for FedEx ahead of Q2 earnings report on December 19. Market expects results to meet projections, but fiscal 2025 guidance may be revised due to economic conditions. Potential spinoff of LTL business could boost stock price. Express segment profitability key for long-term success.
FedEx’s DRIVE program and Network 2.0 restructuring aimed at improving operational efficiency and driving earnings growth. Investors weigh potential challenges and opportunities as company navigates economic environment. Strategic initiatives crucial for stabilizing share performance and supporting growth trajectory in the medium term.
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