FedEx Focuses On Cost Savings: 4 Analysts On Q4 Print, Outlook
Portfolio Pulse from Priya Nigam
FedEx Corp (NYSE:FDX) shares dropped in premarket trading despite reporting better-than-expected earnings for its fiscal Q4. Analysts highlighted the company's focus on cost savings and improving revenue quality, with Morgan Stanley raising its price target from $180 to $186.
June 21, 2023 | 4:42 pm
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FedEx shares dropped despite better-than-expected Q4 earnings, as analysts focus on cost savings and improving revenue quality.
FedEx reported better-than-expected earnings for its fiscal Q4, but the stock price dropped in premarket trading. Analysts focused on the company's cost savings and improving revenue quality, which could have a short-term negative impact on the stock price as investors digest the news and adjust their expectations.
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