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
€271.10
0.390%
With 57 Buy predictions and not a single Sell prediction Fedex Corp. is an absolute favorite of our community.
As a result the target price of 300 € shows a slightly positive potential of 10.66% compared to the current price of 271.1 € for Fedex Corp..
