FedEx falls after Evercore downgrades to 'in line'

** Evercore ISI downgrades stock to "in line" from "outperform"; cuts PT to $243 from $249

** Brokerage says co's near-term profits are likely to be affected by to slower industrial production and weak consumer spending

** Adds that earnings could face incremental pressure from removal of de minimis exemptions

** FDX set to report Q1 results after the bell on Thursday

** Nineteen of 31 brokerages rate stock "buy" or higher, 9 "hold" and three "sell" ; their median PT is $268 - data compiled by LSEG

** Including session's moves, stock down about 20% YTD