{"id":10520,"date":"2023-05-18T14:09:14","date_gmt":"2023-05-18T18:09:14","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/fedex-gains-after-being-named-catalyst-call-buy-idea-at-deutsche-bank\/"},"modified":"2023-05-18T14:09:14","modified_gmt":"2023-05-18T18:09:14","slug":"fedex-gains-after-being-named-catalyst-call-buy-idea-at-deutsche-bank","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=10520","title":{"rendered":"FedEx gains after being named ‘catalyst call buy idea’ at Deutsche Bank"},"content":{"rendered":"
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\u00a9 Reuters. FedEx (FDX) gains after being named catalyst call buy idea at Deutsche Bank<\/span>
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FedEx (NYSE:) shares jumped Thursday after the stock was named a Catalyst Call Buy Idea at Deutsche Bank, with analysts stating the company’s upcoming results next month can be a meaningful positive catalyst.<\/p>\n

FedEx is currently up 3% at well over $232 per share, adding to its strong rise so far in 2023.<\/p>\n

“We see little to no risk on the quarter itself, and we are very positive on the potential for 2024 earnings and guidance relative to consensus,” wrote the analysts, who have a Buy rating and a $282 price target on the stock.<\/p>\n

Deutsche Bank estimates FDX’s fiscal 2024 EPS at $20.15 per share, which is 11% above current consensus, while they also assume about $500 million of structural cost reduction in both Express and Ground.<\/p>\n

“Interestingly, we see some upside to our bullish 2024 estimates, as the company is targeting just under half of its $4 billion cost target to be realized in fiscal 2024. We estimate this would translate to $1-2 of additional upside to our fiscal 2024 EPS estimate,” added the analysts.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FedEx (FDX) gains after being named catalyst call buy idea at Deutsche Bank FedEx (NYSE:) shares jumped Thursday after the stock was named a Catalyst Call Buy Idea at Deutsche Bank, with analysts stating the company’s upcoming results next month can be a meaningful positive catalyst. FedEx is currently up 3% at well […]<\/p>\n","protected":false},"author":1,"featured_media":10521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-10520","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nFedEx gains after being named 'catalyst call buy idea' at Deutsche Bank | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FedEx (FDX) gains after being named catalyst call buy idea at Deutsche Bank FedEx (NYSE:) shares jumped Thursday after the stock was named a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=10520\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FedEx gains after being named 'catalyst call buy idea' at Deutsche Bank | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FedEx (FDX) gains after being named catalyst call buy idea at Deutsche Bank FedEx (NYSE:) shares jumped Thursday after the stock was named a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=10520\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T18:09:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684433354_LYNXNPEB6D05O_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10520#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10520\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"FedEx gains after being named ‘catalyst call buy idea’ at Deutsche Bank\",\"datePublished\":\"2023-05-18T18:09:14+00:00\",\"dateModified\":\"2023-05-18T18:09:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10520\"},\"wordCount\":197,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=10520#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10520\",\"url\":\"https:\/\/ifintechworld.com\/?p=10520\",\"name\":\"FedEx gains after being named 'catalyst call buy idea' at Deutsche Bank | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-18T18:09:14+00:00\",\"dateModified\":\"2023-05-18T18:09:14+00:00\",\"description\":\"\u00a9 Reuters. 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