1. FedEx downgraded to Hold, price target reduced to $243. 2. Demand headwinds may hurt near-term earnings, analyst warns. 3. Executive order on de minimus parcels increases shipping costs. 4. FedEx stock down 23% over the last year. 5. Analysts expect EPS of $3.63 for upcoming report.
The downgrade and expectation of lower earnings may affect SPY negatively. Historical downgrades often lead to sector-wide declines, impacting SPY.
The article reflects challenges in logistics impacting broader market sentiments and SPY. Downgrades in companies within key sectors can signal macroeconomic trouble.
Immediate market reactions to downgrades and earnings reports can influence SPY. Past earnings results have often triggered short-term volatility.