FedEx remains at risk of laying several more earnings eggs in 2023, especially if the U.S. enters a recession, warns one Wall Street analyst.
“FedEx pre-announced and lowered guidance in mid-September, with its earnings release and conference call one week later focused on cost controls amid a softer volume backdrop, particularly in its international business,” EvercoreISI Jonathan Chappell wrote in a note on Monday. “Although we expect most of these cost levers to be pulled, eventually…
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