RBC Capital Markets downgraded its rating on shares of FedEx Corp. (FDX: Quote) 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.
by RTT Staff Writer
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