Federal Express (FDX.US) was downgraded by Evercore on the eve of its financial report, and the headwinds in demand may suppress EPS.

According to the financial news app, Federal Express (FDX.US) saw its pre-market trading stock price fall on Wednesday, after investment firm Evercore ISI downgraded the stock rating from "Outperform" to "In Line". The firm pointed out that Federal Express is currently facing ongoing demand headwinds, which may pose greater risks to its short-term earnings per share (EPS) expectations.