Analysts Downgrade FedEx After Earnings Miss
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
FedEx (NYSE: FDX) whiffed on earnings last night. The downgrades began arriving shortly after.
Announcing after close of trading yesterday, the shipping specialist reported its fiscal Q1 2020 earnings results, and "down" was the word of the day:
Source Fool.com
