FedEx downgraded by Morgan Stanley after Q1 earnings miss
Morgan Stanley downgrades FedEx (FDX) from Equal-Weight to Underweight after the company's fiscal first quarter earnings miss sent shares reeling on Friday. Market Domination hosts Josh Lipton and Julie Hyman take a look at the analyst note from Morgan Stanley's Ravi Shankar and what it means for the postal carrier heading into the 2024 holiday season.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Pro.
FedEx (NYSE:FDX) shares continue to lose ground as disappointing fiscal Q1 results coupled with downbeat guidance drives ...
FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.
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FDX Earnings: FedEx Stock Plunges 11% on FY25 Guidance CutShares of logistics giant FedEx ($FDX) plunged 11% in Thursday’s extended trading session after the company lowered its ...
FedEx stock fell 11% after disappointing Q1 earnings and lowered guidance, but the sell-off may have been an overreaction, ...
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