Truist Financial Initiates Coverage on FedEx Freight (NYSE:FDXF)

Truist Financial initiated coverage on shares of FedEx Freight (NYSE:FDXF) in a note issued to investors on Tuesday,Benzinga reports. The firm set a “hold” rating and a $155.00 price target on the stock.

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.