FedEx: Deeper & Bolder DRIVE Needed

Fadi Chamoun and John Stephenson join this edition of our IN Tune podcast to discuss their recent report on FedEx and its well-received cost reduction plan. Although the plan is sizeable and recent results are favorable, they argue that the program needs to be deeper and bolder and see the risk/reward in the stock as more balanced despite the encouraging steps FDX has taken to improve efficiency. BMO clients can view our report, “FDX/UPS Comparative Analysis: Deeper & Bolder DRIVE Needed”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/8e109870-0fcb-4e7a-841a-c26227a2c822/ Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/SFROWlVDM1RJRWUvNXFEaWxGekoyMjFITVpFdUtsTGFJYVZLU2JTbjQxaGplbXVHd1hJT3Z3VEZuQkJpUEQ4RkhlaDlXcmxSc2RZSkYxYll1SmJQMEE9PQ2.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/