1009 ET - There is palpable change afoot at FedEx, Raymond James analysts Patrick Tyler Brown and David Hicks say in a research note. The shipping company is integrating its Express and Ground offerings, attacking costs across the business, rethinking its capital allocation strategy and developing a more shareholder-friendly capital return program. In summation, these actions point to a more returns-oriented playbook, the analysts say. "Lastly, we believe that the recently announced spin-out of FedEx Freight into a standalone company should serve as a value-unlocking event and will put more scrutiny on the operations of the Freight segment," they write. Raymond James maintains FedEx's outperform rating and raises its price target to $415 from $410. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 10:10 ET (14:10 GMT)

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