Reported 18 days ago
FedEx's latest fiscal earnings fell short of expectations, leading to a decrease in its full-year forecast, which resulted in a sharp decline in its stock price. Analyst Daniel Imbro from Stephens Equity Research suggests that while the reaction is justified, the current stock price presents an appealing buy opportunity. He notes a shift from priority to deferred freight could hinder revenue, although potential seasonal normalization is anticipated as the holiday season approaches.
Source: YAHOO