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Despite its recent decline, FedEx maintains a "Buy" rating due to promising cost-saving initiatives.
FedEx Corporation (FDX) is among the top 10 worst blue-chip stocks to buy, with a 20.5% year-to-date decline.
However, Bank of America Securities analyst Ken Hoexter maintains a "Buy" rating, citing the company's cost-saving initiatives and operational improvements through Network 2.0 and Tricolor programs.
Despite economic challenges, these strategic efforts are seen as positive catalysts for future growth.
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A pesar de su reciente declive, FedEx mantiene una calificación "Buy" debido a las prometedoras iniciativas de ahorro de costos.