FedEx Stock Falls After Downgrade Amid Freight Fears. UPS Price Target Cut.

1. JPMorgan downgraded FedEx to Hold, lowering price target to $274. 2. Weak freight fundamentals put FedEx’s 2026 earnings guidance at risk. 3. Shippers resist higher rates while capacity in the market increases. 4. FedEx stock dropped 1.7% in premarket trading, highlighting market concerns. 5. 59% of analysts still rate FedEx shares as Buy.