FedEx needs to deliver on cost-cut plan as investor patience wanes, analysts say

FedEx needs to deliver on cost-cut plan as investor patience wanes, analysts say

FedEx needs to deliver on cost-cut plan as investor patience wanes, analysts say Register now for FREE unlimited access to Reuters.com Sept 23 (Reuters) - FedEx Corp's new chief executive (FDX.N) needs to show he can deliver on the promise of implementing aggressive cost cuts, Wall Street analysts said on Friday, after the company laid out plans to slash up to $2.7 billion in expenses for fiscal 2023. The parcel delivery giant's plan on Thursday comes after its first-quarter profit …