Buy FedEx (FDX): Premium Mix and Network Productivity Justify a $360 Target
FedEx's shift toward higher-margin customers and the payoff from an extensive network transformation support a buy here. At $315.87 the shares trade at ~16.9x reported EPS with EV/EBITDA of 8.7x and free cash flow of $5.12B — valuations that allow upside while providing a margin of safety against cyclical risk.