Sterne Agee lowers it outlook for FedEx (FDX +0.3%), saying "conservatism" in inventory...

|About: FedEx Corporation (FDX)|By:, SA News Editor

Sterne Agee lowers it outlook for FedEx (FDX +0.3%), saying "conservatism" in inventory management by companies and anecdotal reports of tepid consumer demand for airfreight could impact earnings. Analysts with the firm clipped EPS estimates on FDX for FY12 and FY13 to $6.38/share and $7.67/share, respectively.