FedEx rises after signing partnership with Amazon
ReutersMay 13, 2025 10:44 AM
Shares of FedEx FDX.N up 1.7% at $237 premarket
Amazon AMZN.O on Monday signed up FDX for residential deliveries
FDX says "mutually beneficial, multi-year agreement" covers residential delivery of select large packages for AMZN
21 of 32 brokerages rate FedEx stock "buy" or higher, 8 "hold" and 3 "sell" or lower; median PT is $276 - LSEG data
As of last close, stock down 17.2% YTD
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