FedEx surges on better-than-feared profit forecast
** FedEx shares FDX soar 13.3% to $290.39 premarket
** Parcel delivery firm sees FY25 adj. EPS of $20-$22, the mid-point of which is above analysts' est of $20.92 -LSEG data
** Brokerage Baird says FY25 outlook is better than feared, considering list of headwinds; raises PT to $340 from $325
** Says freight demand seen moderately improving in FY25
** FedEx says its truck freight (LTL) business under review
** Baird says LTL review and growth expectations from newly combined Federal Express to improve profitability
** FDX also posts Q4 beat and sets cost savings and share repurchase plans worth $2.2 bln and $2.5 bln, respectively
** Avg rating of 21 brokerages on FDX is "buy" and median PT is $310, per LSEG data
** Stock up 1.3% YTD, as of last close