FedEx stock downgraded to Hold after 70% gains due to high valuation and rising risks.

FedEx Corporation's stock has delivered over 70% returns since last fall, driven by strong Q4 results including resilient volumes and yield growth. The company’s Freight spinoff has sharpened its strategic focus and enabled a $4.15 billion debt buyback, reducing financial risk. However, with the stock's forward price-to-earnings ratio near multi-year highs and increasing competitive and labor challenges, the analyst has downgraded the stock from Buy to Hold, signaling caution despite recent gains.