FDX - FedEx To Exceed Expectations In Q2 Despite Transport Sector Headwinds Analyst Predicts | Benzinga
Citi analyst Christian Wetherbee maintained FedEx Corp (NYSE: FDX) as a top pick.
Ahead of 2Q results on December 19, the analyst modestly tweaked the composition of 2Q and FY24 estimates but remained at $4.51 and $18.75, 9% and 4% above the Street, respectively.
Wetherbee notes macro factors and DRIVE cost initiatives are progressing as expected, which, along with better LTL (less-than-truckload) results and an extra Cyber-Week day, should yield another upside quarter ...