Top 5 Stocks to Watch Today

3. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 63

FedEx Corporation (NYSE:FDX) is next on the list of top 5 stocks to watch today. The provider of express and freight delivery services received a downgrade from Citi this morning. As a result, its shares slipped over 2 percent before the opening bell on Tuesday.

Citi analyst Christian Wetherbee lowered his ratings for FedEx Corporation (NYSE:FDX) from “Buy” to “Neutral,” citing declining freight volumes across various transportation modes. He also cut his price target for FedEx from $270 per share to $225 per share.

Wetherbee was moved by the macro challenges that could hurt the growth of FedEx Corporation (NYSE:FDX) this year. He expects weak truck freight traffic in the second half of the year.