Part 3/11:
Wall Street analysts had adopted a cautious stance as well, with several downgrades on the stock. Notably, Bank of America shifted its rating from Buy to Neutral last week amid industry-wide slowdown fears. Similarly, Evercore downgraded from Outperform to Line, citing concerns about the economic environment’s impact on shipping demand. Despite these negative signals, FedEx’s core management, led by CEO Rajesh Subramaniam, has been working to turn the company around with a long-term strategic plan.