genesis-aka.net
FedEx: USPS Volume Shift From Air To Ground Creates Challenges To FedEx Express
FedEx Express is facing challenges with a 6% revenue decline and a 49% drop in adjusted operating income in Q2 FY24, attributed to USPS's shift from air to ground services. With a lowered full-year revenue guidance and a declining stock price, I recommend a 'Sell' rating and a fair value of $230 per share due to ongoing growth challenges.
GeneAka