FedEx Corporation (FDX) has had an eventful time as mentioned in recent news updates. Major happenings include the appointment of
Vishal Talwar as Executive Vice President, Chief Digital and Information Officer, and President of
FedEx Dataworks. Reports also mention that FedEx is facing allegations of overtime issues and is maintaining a defensive stance in court. Mention of global tensions, trade uncertainties, and strategic shifts impacted FedEx's stock, as did macroeconomic headwinds that led to a decline during Q1 and Q2. Analysts have varied opinions on FedEx, with some maintaining a bullish outlook despite downward price target adjustments from
UBS and
Citigroup. FDX has a strong institutional backing, with
78% ownership at the institutional level.
Bill Gates' portfolio and
Marjorie Taylor Greene also lists FedEx as a top stock. FedEx also plans to launch 'FedEx Easy Returns' across 3,000 locations in the US, backed by
Blue Yonder. The death of
Fredrick Smith, the founder and executive chairman, has also featured prominently in news. Lastly, FDX persevered with its
dividend despite concerns over potential limited growth.
Fedex Corporation FDX News Analytics from Fri, 17 Jan 2025 08:00:00 GMT to Sat, 16 Aug 2025 06:20:02 GMT -
Rating 0
- Innovation -4
- Information 6
- Rumor -3
