2024-06-26 10:20:35 ET
Summary
- FedEx stock is up double-digits after its quarterly report, but it is still reasonably priced with good growth prospects and cost-saving initiatives.
- FedEx Freight can offer a good value-creation opportunity.
- The company has a positive revenue growth outlook with the normalization of eCommerce demand and inventory destocking ending.
- Margin growth is expected with cost-saving initiatives like the DRIVE program, Network 2.0, and operating leverage from revenue growth.
Investment Thesis
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FedEx: Potential For $30 Billion In Value Being Unlocked Via Cost Savings And Volume Recovery