FedEx Bets On Cost Cuts To Boost Margins, Says Analyst - FedEx (NYSE:FDX)
FedEx Corporation FDX shares surged as the company reported a strong quarterly performance, surpassing revenue and profit expectations.The company reported adjusted earnings per share of 3.62. In addition, FedEx reported sales of 21.66 billion.Bank of America analyst Ken Hoexter reiterated the Neutral rating on the stock, raising the price forecast from 244.Also Read: These Analysts Revise Their Forecasts O ...