Yahoo TV FedEx's execution driving 'significant amount' of upside: Analyst
FedEx (FDX) shares react positively in early market trading on the postal courier's first-quarter profit beat reported yesterday, laying out the plans for its DRIVE initiative to trim operating costs and boost revenue. Wells Fargo Securities Senior Analyst Allison Poliniak-Cusic explains her team's decision to raise FedEx's price target to $280
"The execution is really key in our mind," Poliniak-Cusic tells Yahoo Finance Live. "We have no idea what the macro is going to look like as we... move forward, but the execution that they're doing with their DRIVE program is certainly giving some results for the company, driving earnings in this tepid volume environment for them."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
This post was written by Luke Carberry Mogan.
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