FedEx Corporation (NYSE: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 ...