FedEx falls after Evercore downgrades to 'in line'
ReutersSep 17, 2025 2:43 PM
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
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