Goldman Sachs Trims FedEx Forecast, Cites B2B Weakness, Tariffs And Industrial Slowdown
1. Goldman Sachs lowered FDX price forecast from $328 to $315. 2. EPS estimates for Q3 FY25 cut from $4.65 to $4.40 due to transport issues. 3. FY25 EPS estimates adjusted down to $18.65 amid declining B2B parcel volumes. 4. Cost-cutting efforts and LTL investments may enhance FDX's operational leverage. 5. FDX shares fell by 0.71% to $241.77 recently.