FedEx Corporation (FDX) Cut to “Sell” at Zacks Investment Research

According to Zacks, “Even though shares of FedEx outperformed the broader industry over the last six months, the company’s earnings miss in the second quarter resulted in the stock losing value. Consequently, the Zacks Consensus Estimate has declined $0.10 to $12.02 for the fiscal 2017 over the last month.The bottom line was hurt by higher costs.