FedEx Corporation (FDX) ended on an optimistic note regarding its financial results. The company beats Q1 consensus; the earnings growth year-to-year was reported significantly higher noticeably impacting the share price which reflected positively in the market. On top of that, several firms like Pallas Capital Advisors, Peak Financial Advisors, and Sage Capital Advisors among others have expanded their position in FedEx. However, Hedges Asset Management and Voya Investment Management lowered their stakes. FedEx also saw strong trading volumes on the back of its earnings beat. Many analysts revised their forecasts following the announcement of their Q1 results. Good news was delivered to investors by confirming that cost cuts aimed to boost margins were on track. Regardless, some investors demonstrated concern, with Evercore ISI downgrading FedEx just ahead of the earnings and others readjusting FedEx's price targets.
