Analysts bullish on FedEx
Barron's reported on November 16 on analysts' positive outlook for FedEx, saying it has “upside for the long haul,” mostly due to its international shipping business.
According to the feature, FedEx has “a growing footprint in big overseas markets like China, enough operating leverage to boost earnings when volumes ramp up and solid growth at its very profitable FedEx Ground unit.”
Keith Schoonmaker, senior stock analyst at Morningstar, goes so far as to say that FedEx and rival shipper UPS are “likely to become a global duopoly.”
FedEx reported in September that its 2010 fiscal first-quarter earnings fell 53%.
