MADRID (MarketWatch) — FedEx Corp. was cut to market perform from outperform on Tuesday by analysts at Cowen and Co., which cited valuation. "We believe the shares are fairly priced and lack significant near-term upside," wrote lead analyst Helane Becker. "Moreover, we believe the market is pricing in meaningful margin improvement in the Express segment and company share repurchases." Becker …
More: continued here
