FedEx rises on upbeat profit forecast amid steady demand

ReutersMar 20, 2026 10:54 AM

Shares of global delivery company FedEx FDX.N rise ~9% to $387.96 premarket

Co raised its FY profit forecast on Thursday, indicating steady shipping demand despite geopolitical tensions and rising fuel costs

FDX's June 1 spin-off of its freight unit marks key milestone, as co sharpens its focus on higher-margin delivery operations

Stephens expects co to keep outperforming industry, sees freight unit improving profitability once separation-related friction passes

Shares of rival Deutsche Post DHL Group DHLn.DE up 1.14%, while U.S. rival UPS UPS.N up marginally

30 analysts rate FDX stock "buy" on average; median PT is $425 - data compiled by LSEG

As of last close, stock up 23.2% YTD

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