Morgan Stanley is cautious on FedEx but likes it better than UPS
Morgan Stanley significantly reeled in financial expectations on FedEx Corporation (.
That level is called consistent with recent periods when the stock has been looking to find a floor.
In addition, UPS likely has elevated idiosyncratic risk from AMZN insourcing and union contract renegotiations in 2023 as well as higher investor expectations.”.
Shanker and team noted that with FDX’s stock back to pre-pandemic levels, it seems out of sync for UPS to be ~35% higher than pre-pandemic levels.
Compare valuation, growth, and profitability metrics on FDX and UPS.
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