RBC Capital Markets downgraded its rating on shares of FedEx Corp. (FDX) Thursday morning to "Underperform" from "Sector Perform."
FedEx gapped open lower Thursday and declined during the first hour of trade. The stock finished down by 2.25 at $91.87. FedEx has been losing ground for the last week and set a 3 1/2 month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.