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FedEx (FDX) Stock Gaining Today Despite Credit Suisse Price Target Cut
2015-03-20 02:24:34| Air Courier - Topix.net
"We continue to expect improving returns and margins as a result of expanding capex in the Ground business, which should enable both increased capital efficiency and free cash flow generation over the next few years," analysts said. Since FedEx has close to $3.5 billion of cash on the balance sheet, Credit Suisse believes that the company has plenty of latitude to increase its dividend and/or share buyback activity.
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Category:Transportation and Logistics
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