FedEx stock has been hit hard in recent weeks, but the worst of the company’s problems are likely over. It’s time to buy, Avi Salzman writes in this week’s edition of Barron’s. Last year ended on a low note for FedEx, whose stock has dropped 11%, to $250, since Dec. 19. On that date, the company said its fiscal 2024 sales would fall at a low single-digit rate, down from its previous guidance for flat growth. But FedEx is also demonstrating that it can maintain its profitability through rough economic storms, the author notes.
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