Citi analyst Ariel Rosa has maintained their bullish stance on FDX stock, giving a Buy rating yesterday.
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Ariel Rosa’s rating is based on FedEx’s strategic initiatives and potential for growth despite current challenges. FedEx is expected to navigate a pivotal year with its Freight business spin-off and the integration of its Express and Ground operations under the Network 2.0 plan. These efforts are anticipated to enhance operational efficiency and drive future earnings growth.
Moreover, FedEx has achieved significant cost savings through its DRIVE initiative, which is expected to contribute to sustainable operating earnings growth. Although the demand environment remains uncertain, the company’s strategic moves and leadership changes are aimed at positioning it for long-term success. Consequently, Ariel Rosa maintains a Buy rating with a price target of $267, reflecting cautious optimism about FedEx’s ability to execute its plans effectively.
According to TipRanks, Rosa is a 5-star analyst with an average return of 11.2% and a 61.79% success rate. Rosa covers the Industrials sector, focusing on stocks such as FedEx, Old Dominion Freight, and Saia.
In another report released yesterday, Stephens also maintained a Buy rating on the stock with a $280.00 price target.
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