物流
youtube
Looking for the catalyst driving logistics stocks to all-time highs? FedEx Corporation (NYSE: FDX) shares surged to new 52-week highs after JPMorgan Chase & Co. upgraded the stock to Overweight and raised its price target to $460.
The upgrade lands just days before FedEx's historic June 1st corporate spin-off, which will distribute one share of its massive standalone Freight division (FDXF) for every two core shares owned. JPMorgan analyst Brian Ossenbeck notes that structural efficiency gains from the ongoing Network 2.0 integration are increasingly visible on the balance sheet. Powered by an elite A+ profitability grade and an 87% year-over-year return, Seeking Alpha's automated Quant Rating tags FedEx as a Strong Buy heading into its new corporate structure.
Subscribe to Seeking Alpha for more stock analysis and market updates!
|
