Oct. 10 (Bloomberg) -- United Parcel Service Inc., Federal Express Corp. and Forward Air Corp. were downgraded at Merrill Lynch, which cited adjustments ``largely due to the global economic downturn and deteriorating freight environment.'' Included are analysts' calls for Bank of America Corp., Nucor Corp., Pfizer Inc., Mack-Cali Realty Corp., Ford Motor Co., Citrix Systems Inc., CSX Corp., Energizer Holdings Inc., AT&T Inc. and Electronic Arts Inc.

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