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FedEx Bets On Cost Cuts To Boost Margins, Says Analyst - FedEx (NYSE:FDX)
Benzinga· 2025-09-20 01:46
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 $3.83, beating the consensus estimate of $3.62. In addition, FedEx reported sales of $22.20 billion, beating the consensus estimate of $21.66 billion.Bank of America analyst Ken Hoexter reiterated the Neutral rating on the stock, raising the price forecast from $240 to $244.Also Read: These Analysts Revise Their Forecasts O ...