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.
by RTT Staff Writer
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