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