FedEx's cost-cutting plans have been welcomed by analysts, but they warn that the parcel-delivery service still has plenty of challenges ahead.
FedEx Corp.’s cost-cutting plans have been welcomed by analysts, but they warn that the parcel-delivery service still has plenty of challenges ahead.
Analysts... FedEx Corp.’s cost-cutting plans have been welcomed by analysts, but they warn that the parcel-delivery service still has plenty of challenges ahead. Analysts welcomed the cost cuts. In a note released Wednesday, Stifel maintained its hold rating for FedEx FDX but lowered its price target to $167 from $181.
Now read: FedEx’s package volumes keep falling, but it’s still getting more money out of each delivery
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teen boy charged in I-57 shooting that stemmed from road rage incident: Illinois State PoliceA Calumet Park boy has been charged in connection with a Chicago shooting on I-57 at Halsted Street, Illinois State Police said.
Read more »
Elon Musk Says Twitter Cost Cuts Stemmed Cash BurnElon Musk said Twitter was on track to post negative cash flow of $3 billion a year before the company slashed costs in part by cutting thousands of jobs
Read more »
Anniston police arrest 19-year-old woman in connection with shooting deathAnniston police have arrested a 19-year-old woman in connection with a shooting death early Sunday morning.
Read more »
S&P 500 futures rise, helped by Nike and FedEx earningsInvestors digested earnings from Nike and FedEx that sent the shares of both companies higher in after-hours trading.
Read more »
FedEx promises more aggressive cost cuts; shares riseFedEx Corp on Tuesday vowed to accelerate 'aggressive cost reduction plans' by slashing an additional $1 billion in costs as it races to get ahead of falling demand for its delivery services.
Read more »
STOCK MARKET NEWS: Stocks finish higher, FedEx accelerates cost reductions, oil gainsStocks snap four-day losing streak, FedEx identifies $3.7B in cost savings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »