** Shares of FedEx FDX.N up 0.6% at $230.57, on course for fourth straight session of gains, with package delivery giant's fiscal Q4 report due after the bell
** For qtr-end May, Wall Street anticipates adj EPS of $5.84, up from $5.41 a yr-ago, on rev of $21.8 bln, vs $22.1 bln in Q4 2024, according to latest LSEG data
** Stifel on Tues reduced its PT by $25 to $329 saying investors focused on FDX's "high stakes transformation", noting its Network 2.0 initiative is one of three major operational overhauls taking place
** Maintaining its 'buy' rating, Stifel said it hopes to gain more insight into how the Express and Ground integration is faring, including potential cost savings
** Last month, FDX named insider John Smith to lead its less-than-truckload $(LTL)$ services spin-off
** More recently, founder and former CEO Frederick Smith, who officially launched FDX in 1973, died on Sat
** Of 32 analysts covering FDX, recommendation breakdown is 21 "strong buy" or "buy", 8 "hold" and 3 "sell" ratings - LSEG
** Median PT of $271 down from $276 a month ago and from $295 on Mar 24
** Including move on Tues, FDX shares down ~18% YTD vs nearly 10% rise in the S&P 500 Industrials sector .SPLRCI and nearly 4% decline in Dow Jones Transport Average .DJT
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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