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FedEx Delivers Biggest Profitable US Share Gains In Two Decades
Benzinga· 2026-03-20 18:03
On Friday, Bank of America Securities (BofA) reiterated a Buy rating and raised its price forecast from $431 to $440.The adjustment follows a robust third-quarter performance characterized by significant domestic expansion and network optimization.Historic Market Share Gains and Earnings BeatFedEx reported adjusted earnings per share (EPS) of $5.25. This figure climbed 16% year-over-year. It comfortably cleared the Street estimate of $4.17. Chief Customer Officer Brie Carere noted the company achieved its s ...