Premarket roundup: FedEx, Dollar Tree

NEW YORK (AP) -After FedEx Corp. cut its fiscal 2008 forecast this weekend, analysts said higher fuel costs and decreased demand will weaken the shipping company's profit into fiscal 2009 as well.

NEW YORK (AP) -A JPMorgan analyst says strong first-quarter results from dollar store operator Dollar Tree show the company may be on its way to beating expectations this year. He upgraded the stock to "Neutral" from "Underweight."

NEW YORK (AP) -Shares of Pacific Sunwear of California Inc. fell sharply in premarket trading after an analyst downgraded the teen apparel company late Friday, citing its sluggish same-store sales.

NEW YORK (AP) -A Goldman Sachs analyst downgraded American International Group Monday, days after the world's largest insurer posted a $7.81 billion first-quarter loss.

NEW YORK (AP) -LM Ericsson Telephone Co. shares slipped in premarket trading Monday as investors overlooked an upgrade of the wireless equipment maker.

NEW YORK (AP) -A PiperJaffray analyst upgraded Zoran Corp., expecting the company to post higher revenue and better margins in the coming quarters as demand for electronic devices climbs.

NEW YORK (AP) -A JPMorgan analyst upgraded shares of El Paso Corp. on Monday, saying the oil and gas exploration and transportation company is steadily improving performance while its stock remains underpriced.

NEW YORK (AP) -Apple shares are edging up in premarket trading after a Piper Jaffray analyst said the company may launch a new version of the iPhone in mid-June.