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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.