Here are Wednesday's biggest analyst calls: FedEx, Eli Lilly, AMC & more

Key Points
  • Oppenheimer downgraded FedEx to perform from outperform.
  • Citi lowered its price target on Twitter to $36 from $45.
  • Deutsche Bank raised its price target on Facebook to $270 from $260.
  • B. Riley FBR initiated RealReal as buy.
  • Bank of America downgraded AMC Entertainment to underperform from neutral.
  • Deutsche Bank upgraded Delta Airlines to buy from hold.
  • Rosenblatt initiated Datadog as buy.
  • Deutsche Bank initiated Skechers as buy.
  • Morgan Stanley upgraded Eli Lilly to overweight from equal weight.
  • Longbow downgraded Domino's Pizza to neutral from buy.
Getty Images

Here are the biggest calls on Wall Street on Wednesday:

Oppenheimer downgraded FedEx to 'perform' from 'outperform'

Oppenheimer downgraded the stock after the company's negative earnings report on Tuesday.

"F2Q20 adjusted operating profit of $684M was well short of our estimate/consensus of $900M/ $957M, respectively, driven by soft global trade/economic conditions, increased Ground segment service offering expenses (e.g. weekend delivery implementation), mix shift headwinds, competitive pricing, as well as the timing of cyberweek (F3Q20). We anticipate some of the aforementioned headwinds to abate and F2H20 to be a period of moderate improvement."

Read more about this call here.

Citi lowered its price target on Twitter to $36 from $45

Citi lowered its price target on Twitter on concerns about the company's "near-term" revenue outlook.

"We remain largely concerned on the near-term revenue outlook for the stock due to the MAP impacts and therefore are lowering our 4Q and FY20 estimates. As a result, our long-term DCF valuation now results in a new TP of $36."

Read more about this call here.