FedEx (FDX -0.8%) shares are downgraded to Neutral at Bank of America, which says FedEx got too...

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

FedEx (FDX -0.8%) shares are downgraded to Neutral at Bank of America, which says FedEx got too far ahead of itself last quarter in predicting a big second-half rebound in the economy, which we all now know is not happening. BofA targets 2011 GDP and industrial production to grow 1.6% and 3.7% respectively, below FDX’s projections of 2.5% and 4.2%.