CNBC Pro

UBS slashes FedEx earnings estimates, citing tight labor market, rising wages

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC.
Drew Angerer | Getty Images News

The difficulty and rising expense of hiring new workers could show up in FedEx's bottom line, according to UBS.

More In Street Calls

CNBC ProCredit Suisse sees S&P 500 reaching 5200 in 2022, citing economic growth
CNBC ProHere are Wednesday's biggest analyst calls: Tesla, Netflix, GameStop, Dave & Buster's, Amazon & more
CNBC ProJPMorgan's Kolanovic, who called the market's pandemic comeback, is out with his 2022 outlook