FedEx Cost Reduction Efforts, Freight Spin Off Could Support Stock -- Market Talk

Dow Jones06-26 23:55

1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an assessment of the role of FedEx Freight in its portfolio and potential steps to further unlock shareholder value. The analysts note that a spin out of less-than-truckload business could unlock value, particularly when considering the much higher valuation of other leading non-union LTL companies including Old Dominion Freight Line, Saia and XPO Logistics. They add that FedEx's cost reduction efforts and delivery of improving overall margins supports upside for FedEx's stock while the potential spin of its freight business provides a path for a further step up; their analysis points to potential upside to $387 for FedEx if there's a spin-out. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

June 26, 2024 11:55 ET (15:55 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2446318111?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-26 23:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2446318111","market":"other","top_or_hot":-1,"title":"FedEx Cost Reduction Efforts, Freight Spin Off Could Support Stock -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an assessment of the role of FedEx Freight in its portfolio and potential steps to further unlock shareholder value. The analysts note that a spin out of less-than-truckload business could unlock value, particularly when considering the much higher valuation of other leading non-union LTL companies including <a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Line</a>, Saia and <a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a>. They add that FedEx's cost reduction efforts and delivery of improving overall margins supports upside for FedEx's stock while the potential spin of its freight business provides a path for a further step up; their analysis points to potential upside to $387 for FedEx if there's a spin-out. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2024 11:55 ET (15:55 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Cost Reduction Efforts, Freight Spin Off Could Support Stock -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Cost Reduction Efforts, Freight Spin Off Could Support Stock -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-26 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2446318111","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446318111","pubTimestamp":1719417300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an assessment of the role of FedEx Freight in its portfolio and potential steps to further unlock shareholder value. The analysts note that a spin out of less-than-truckload business could unlock value, particularly when considering the much higher valuation of other leading non-union LTL companies including Old Dominion Freight Line, Saia and XPO Logistics. They add that FedEx's cost reduction efforts and delivery of improving overall margins supports upside for FedEx's stock while the potential spin of its freight business provides a path for a further step up; their analysis points to potential upside to $387 for FedEx if there's a spin-out. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","ODFL":"Old Dominion Freight Line","LU0251142724.SGD":"Fidelity America A-SGD","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4131":"航空货运与物流","BK4022":"陆运","BK4504":"桥水持仓","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4232":"货物陆运","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","SAIA":"Saia Inc.","XPO":"XPO Logistics","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","FDX":"联邦快递","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC"},"translate_title":"联邦快递降低成本的努力和货运剥离可能会支撑股市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":1,"XPO":0.9,"SAIA":0.9,"ODFL":0.9},"content_text":"1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an assessment of the role of FedEx Freight in its portfolio and potential steps to further unlock shareholder value. The analysts note that a spin out of less-than-truckload business could unlock value, particularly when considering the much higher valuation of other leading non-union LTL companies including Old Dominion Freight Line, Saia and XPO Logistics. They add that FedEx's cost reduction efforts and delivery of improving overall margins supports upside for FedEx's stock while the potential spin of its freight business provides a path for a further step up; their analysis points to potential upside to $387 for FedEx if there's a spin-out. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2024 11:55 ET (15:55 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446318111"}