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Shipping giants FedEx Corp (NYSE:FDX) and United Parcel Service, Inc.(NYSE:UPS) shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and cut its fiscal-year guidance on Thursday.  The Details: FedEx reported first-quarter revenue and earnings below analyst expectations following Thursday's closing bell. The company said its operating results fell during the "challenging quarter" due to lower U.S. domestic priority package volume and increased wage and purchased transportation rates.  Additionally, FedEx revised its full-year outlook lower with full-year 2025 revenue now expected to grow in the low single-digit range.  Read Next: Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details Morgan Stanley analyst Ravi Shanker downgraded FedEx stock from Equal-Weight to Underweight and lowered the price target from $215 to $200 following the print. ...


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