As previously reported, Jefferies upgraded FedEx (FDX) to Buy from Hold with a price target of $275, down from $300. With the market “overly distracted by the macro,” the firm thinks investors are now ignoring the idiosyncratic cost transformations going on at FedEx that it thinks can lead to continued EPS growth in FY26 and FY27 regardless of the top line, the analyst says. The firm thinks Network 2.0 and the Tri-Color Initiative will be meaningful contributors to profit growth over the next two years and that any rebound in the industrial economy would have a “meaningful flow-through to earnings,” the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx upgraded to Buy from Hold at Jefferies
- FedEx Earnings Call: Growth Amid Challenges
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Trump Trade: Loss of $10B JEDI contract ‘watershed’ moment for Bezos
- FedEx falls -11.6%
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue