FedEx (NYSE:FDX) had its estimates and price target reduced by Jefferies (JEF) as customer trade has been lower and the company has excess capacity. A hold rating was issued with a price target of $100.
Shares are lower by about three percent.
Williams-Sonoma (NYSE:WSM) was downgraded by Deutsche Bank (NYSE:DB) to hold from buy with a price target of $49 as the firm believes that margins may shrink in 2013.
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