FedEx Freight (NYSE:FDXF) Coverage Initiated at Bank of America

Equities research analysts at Bank of America assumed coverage on shares of FedEx Freight (NYSE:FDXF) in a research note issued on Monday. The brokerage set a “buy” rating and a $185.00 price target on the stock.

Separately, Truist Financial started coverage on shares of FedEx Freight in a research report on Tuesday. They issued a “hold” rating and a $155.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $170.00.

FedEx Freight Stock Performance

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing regional and national shipping services for businesses across the United States, Canada, and Mexico. The company specializes in handling palletized and bulky shipments that are too large for parcel carriers but do not require full truckload service.

Its services include standard and priority freight shipping, time-definite delivery options, and related logistics support designed to help customers move goods efficiently across short- and long-haul routes.