FedEx Freight (NYSE:FDXF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of FedEx Freight (NYSE:FDXF) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Bank of America began coverage on shares of FedEx Freight in a research report on Monday. They set a “buy” rating and a $185.00 price target on the stock. Raymond James Financial began coverage on shares of FedEx Freight in a research report on Wednesday. They set an “outperform” rating and a $180.00 price target on the stock. Finally, Truist Financial began coverage on shares of FedEx Freight in a research report on Tuesday. They set a “hold” rating and a $155.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, FedEx Freight has a consensus rating of “Moderate Buy” and an average price target of $173.33.

FedEx Freight Price Performance

FDXF stock opened at $151.58 on Tuesday. FedEx Freight has a 12-month low of $141.33 and a 12-month high of $166.90.

Key Headlines Impacting FedEx Freight

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $185 price target, citing margin-expansion potential for the newly independent less-than-truckload carrier. FedEx Freight initiated at ‘Buy’ by Bank of America on margin expansion potential
• Positive Sentiment: Several articles frame FDXF’s independence as a potential value unlock, with commentary that the spinout could help both FedEx Freight and the parent company by creating a more focused business and improving returns. FedEx Unboxes Billions in Post-Spinoff Value (FDXF)
• Positive Sentiment: Jim Cramer’s remarks that the newly public stock could be a “true winner” add to the bullish sentiment around the spinout. Why Jim Cramer says newly public FedEx Freight stock could be a ‘true winner’
• Neutral Sentiment: Truist initiated coverage with a Hold rating and a $155 price target, suggesting limited near-term upside but not a strongly negative view.
• Neutral Sentiment: Other stories highlight operational background, including the new leadership team, the CTO’s role in building the IT organization, and the company’s opening-day publicity, which are informative but not major stock drivers.
• Neutral Sentiment: Reports also noted a $4.1 billion dividend paid to FedEx before the spinout, which is mostly relevant as part of the transaction structure rather than a direct operational catalyst. FedEx Freight paid $4.1B dividend to parent company before spinout
• Negative Sentiment: Some coverage flags a key competitive risk: FDXF must prove it can win as a standalone business while facing pressure from larger logistics competitors, including Amazon-related disruption. FedEx Freight starts trading independently. FDXF stock is poised to win, but it faces a key Amazon threat

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.