The Ratings Game
‘After being involved with FedEx for ~20 years, it feels different,’ one analyst says — but others raise questions about FedEx’s efforts to integrate networks and the implications for its workers
Stephens analyst Jack Atkins said FedEx’s changes could unlock “meaningful” value for investors in the coming years — even if the reorganization might come with logistical questions.
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Wall Street analysts heaped praise on package-deliverer FedEx Corp.’s plans to slash more costs and bring its ground and air-shipping services under the umbrella of a single company — even if the implications for logistics and labor remained question marks.
FedEx FDX on Wednesday said it would bring its air, ground and services businesses into a single company, Federal Express Corp., in June 2024. The reorganization, he said, would simplify how customers do business with the company. And executives said that along with efforts…
