Why FedEx Stock Is in the Fast Lane Today
(NYSE: FDX) delivered an earnings beat in a tough operating environment. Investors are pleased with the results, sending FedEx shares up 8% as of 10 a.m. ET.
2023 was a challenging year for the shipping industry. Concerns about the economy caused large manufacturers and retailers to take a cautious approach to inventories, which ate into demand for transportation services.
In response, FedEx and other shippers have been focused on costs.
Source Fool.com
Fedex Corp. Stock
€248.45
0.440%
The stock is an absolute favorite of our community with 31 Buy predictions and no Sell predictions.
With a target price of 281 € there is a slightly positive potential of 13.1% for Fedex Corp. compared to the current price of 248.45 €.
