A record-setting week for Wall Street is closing on a quieter note Friday, and U.S. stocks are pulling back from their highs hit during a worldwide rally the day before. The S&P 500 was down 0.5% in late trading,

FedEx turned in weak quarterly results Thursday, which has led to a steep stock drop as well as a bevy of price target cuts and downgrades from Wall Street on Friday. Still, analysts for the most part aren’t giving up on shares yet despite some near-term pain.

The hedge fund billionaire Bill Ackman has bet big on the iconic American brand. His firm, Pershing Square, acquired three million shares, or 0.2 percent, of Nike this spring. His stake is currently worth about $250 million.