FedEx: Potential For $30 Billion In Value Being Unlocked Via Cost Savings And Volume Recovery
FDXFedEx(FDX) Seeking Alpha·2024-06-26 22:20
Sundry PhotographyInvestment Thesis FedEx (NYSE:FDX) stock is up double-digits after reporting better than expected results for the last quarter. I believe the stock is still reasonably priced and it can see further upside from the current levels. The company has good growth prospects ahead and management has given mid-single-digit revenue growth guidance for FY25 (ending May) despite headwinds from a USPS contract loss. This coupled with significant cost-savings from the company’s DRIVE and Network 2.0 ...