Evercore ISI将联邦快递的评级从"跑赢大市"下调至"与大市同步"，目标价从249美元下调至243美元。 (格隆汇) ...

are going to make it. So X is a company I love very much isn't going to make it. >> Okay, I want to come back to that on FedEx.Let's get the opening bell here. Get the opening bell. And that is stuff I'm celebrating public over 8 billion um as well.Okay. Um you mentioned there he is earthquake. you mention uh oh by the way we should mention also at the NASDAQ uh wow they're really there it is Dan Odds channel of the board frequency uh contributor of uh 8 I think it's called >> I just point out >> wow and th ...

Core Viewpoint - FedEx's stock price declined in pre-market trading after Evercore ISI downgraded its rating from "Outperform" to "In Line" due to ongoing demand headwinds that may pose greater risks to short-term earnings per share (EPS) expectations [1] Group 1: Rating Downgrade - Evercore ISI has lowered FedEx's target price from $249 to $243 [1] - The downgrade reflects concerns over persistent demand challenges facing FedEx [1] Group 2: Factors Affecting Performance - Two main factors are expected to exert additional pressure on FedEx: the global phase-out of de minimis exemptions and unresolved volume issues in FedEx Freight [1] - Analyst Jonathan Chappell indicated that while FedEx could mitigate some revenue impacts through network restructuring related to the "2.0 network," the cost-saving benefits are likely to materialize in the second half of the year [1] Group 3: Stock Performance - As of the report, FedEx's stock price fell by 0.5% in pre-market trading, with a 52-week price range of $194.30 to $308.53 [1] - FedEx is scheduled to release its earnings report after the market closes on September 18 [1]

Group 1 - Top Wall Street analysts have revised their outlook on several prominent companies, indicating potential shifts in investment sentiment [1] - Analysts are considering the stock of FDX, suggesting it may be a viable investment option based on recent evaluations [1]

Core Viewpoint - Evercore ISI has downgraded FedEx shares from Buy to Hold, indicating a shift in investment sentiment towards the company [1] Company Summary - The downgrade reflects concerns regarding FedEx's future performance and market conditions that may impact its profitability [1]

Core Insights - FedEx Corporation is set to release its first-quarter earnings on September 18, with analysts expecting earnings of $3.64 per share, an increase from $3.60 per share in the same period last year [1] - The projected quarterly revenue for FedEx is $21.67 billion, slightly up from $21.58 billion a year earlier [1] Recent Performance - In the fourth quarter, FedEx reported revenue of $22.2 billion, surpassing analyst expectations of $21.84 billion [2] - The company also reported adjusted earnings of $6.07 per share for the fourth quarter, exceeding analyst estimates of $5.87 per share [2] - Following the fourth-quarter results, FedEx shares increased by 0.9%, closing at $227.70 [2] Analyst Ratings - B of A Securities downgraded FedEx from Buy to Neutral, lowering the price target from $245 to $240 [8] - JP Morgan maintained an Overweight rating but reduced the price target from $290 to $285 [8] - UBS kept a Buy rating while lowering the price target from $297 to $293 [8] - Citigroup maintained a Buy rating and cut the price target from $278 to $275 [8] - Raymond James maintained an Outperform rating, reducing the price target from $275 to $260 [8]

Core Viewpoint - FedEx Corporation is expected to report earnings on September 18, 2025, with analysts predicting an EPS of $3.65 and revenue of approximately $21.67 billion, reflecting slight growth compared to previous periods [1][3][6] Earnings Expectations - Analysts forecast an EPS of $3.64 and sales of $21.7 billion for Q1 2026, which is a slight increase from the previous earnings of $3.60 per share and sales of $21.6 billion [3] - The projected EPS of $3.65 indicates a 1.4% increase year-over-year, while revenues are expected to rise by 0.9% to $21.78 billion [3] Historical Stock Performance - Historically, FedEx's stock has declined post-earnings announcements, with a drop occurring in 58% of cases over the past five years, and a median decline of 4% [2][6] - The largest one-day drop recorded was 21.4%, suggesting traders may adjust their strategies based on this historical trend [2] Earnings Estimate Revisions - In the past 30 days, there has been a minor downward revision of 0.3% in the consensus EPS estimate, which is significant as it often influences investor actions [4] Financial Metrics - FedEx has a price-to-earnings (P/E) ratio of 13.24 and a price-to-sales ratio of 0.61, indicating a relatively low market valuation compared to its revenue [5][6] - The company’s debt-to-equity ratio stands at 1.33, reflecting its financial leverage, while a current ratio of 1.19 suggests its ability to meet short-term liabilities [5][6]

Market Overview - The three major U.S. stock indices paused their upward momentum, with the S&P 500 down 0.13% to 6606.76 points, the Dow Jones down 0.27% to 45757.9 points, and the Nasdaq down 0.07% to 22333.96 points, as retail sales showed steady performance [1] - European stock indices also declined, with Germany's DAX30 down 1.68%, the UK's FTSE 100 down 0.93%, and France's CAC40 down 1.00% [2] - The U.S. dollar index fell by 0.68%, closing at 96.639, while the euro and pound strengthened against the dollar [3] Commodity Insights - Gold prices reached a new high, with futures rising 0.2% to $3,688.90 per ounce, supported by expectations of an upcoming Federal Reserve rate cut [4] - Oil prices increased, with light crude oil futures up 1.93% to $64.52 per barrel and Brent crude up 1.53% to $68.47 per barrel [2] Economic Data - U.S. retail sales for August rose 0.6% month-over-month, exceeding expectations, partly due to tariffs raising product prices [5] - Industrial production in the U.S. showed minimal growth in August, with manufacturing output increasing by 0.2% [7] - The U.S. housing market is expected to benefit from lower mortgage rates and anticipated Federal Reserve rate cuts, as indicated by the unchanged builder confidence index [8] Corporate Developments - Major U.S. tech companies announced plans to invest over $40 billion in AI infrastructure in the UK, with Microsoft committing $30 billion by 2028 and Google planning to invest $6.8 billion over the next two years [12] - PIMCO suggested that the Federal Reserve should pause its reduction of mortgage-backed securities holdings to support the housing market, as the current mortgage spread is near historical highs [9] Analyst Ratings - Bernstein initiated coverage on Apple (AAPL.US) with an outperform rating and a target price of $290, while UBS raised its gold price targets for 2025 and 2026 [13]

Core Insights - The end of de minimis has led to confusion and increased costs for businesses, including major companies like Lululemon [1] Group 1 - Businesses of all sizes are experiencing challenges due to the termination of de minimis, which has resulted in higher operational costs [1] - Companies are expressing concerns about the implications of this change on their supply chains and pricing strategies [1]

Core Insights - FedEx is set to report its fiscal first quarter results on September 18, providing updated insights into the delivery services market, which has faced increased pressure from tariffs affecting shipping operations and demand [1][4] - The termination of the de minimis trade exemption at the end of August has led to pronounced weakness in cross-border shipping, and Wall Street is looking for FedEx's perspective on the impact of this change [2][4] Financial Performance - FedEx's Q1 sales are estimated to increase by 1% to $21.78 billion compared to $21.58 billion in the same quarter last year, while Q1 EPS is expected to rise by 1% to $3.65 per share from $3.60 [5] - However, the most accurate estimate suggests FedEx could miss earnings expectations, with the Q1 EPS pegged at $3.47, which is 5% below the Zacks Consensus [5][6] Market Outlook - FedEx's total sales are projected to increase by 1% in fiscal year 2026 and by another 4% in fiscal year 2027, reaching $92.91 billion, with annual earnings expected to rise by 1% in FY26 and spike by 13% in FY27 to $20.73 per share [9] - EPS estimates for FY26 and FY27 have trended lower over the last 30 days, indicating potential challenges ahead [9] Stock Performance - FedEx shares have underperformed, down 7% over the last five years, compared to broader indexes that have returned over 100% [3] - Both FedEx and UPS trade at around 12X forward earnings, which is a steep discount compared to the S&P 500's 25.5X [11] - FedEx's stock has rebounded from a one-year low of $194, but short-term risks may still exist [14]