FedEx Corporation (FDX) has been the/the center of multiple discussions recently. Numerous asset management firms have adjusted their stock positions; some have trimmed their FDX shares while others have increased their holdings. FDX's latest significant announcement includes the strategic separation of its freight business, aiming to create two industry-leading public companies. There was news of executive changes with General Counsel and Secretary Mark R. Allen retiring and Gina F. Adams taking on the role. Prominent investor Jim Cramer also highlighted the notable efforts of FDX CEO Raj Subramaniam, acknowledging Subramaniam's remarkable job performance in lifting the company's shares. On the performance front, FDX's Q2 earnings exceeded expectations, though revenues lagged, leading to revised viewpoints. Meanwhile, Stifel Nicolaus has lowered FDX's price target to $364.00. Amid these developments, FDX's stock performance has been robust as analyzed through its strong fundamentals.
Fedex Corporation FDX News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 13:56:26 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor 6
