FedEx Freight (NYSE:FDXF) Rating Increased to Strong-Buy at Evercore

FedEx Freight (NYSE:FDXF) was upgraded by investment analysts at Evercore to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts also recently commented on the company. Raymond James Financial initiated coverage on FedEx Freight in a report on Wednesday. They issued an “outperform” rating and a $180.00 target price on the stock. Wolfe Research initiated coverage on FedEx Freight in a report on Thursday. They issued an “outperform” rating and a $180.00 target price on the stock. Truist Financial assumed coverage on FedEx Freight in a report on Tuesday. They issued a “hold” rating and a $155.00 target price on the stock. Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday. Finally, Bank of America assumed coverage on FedEx Freight in a report on Monday. They set a “buy” rating and a $185.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, FedEx Freight has an average rating of “Moderate Buy” and a consensus price target of $171.33.

FedEx Freight Stock Performance

Shares of FDXF opened at $158.77 on Thursday. FedEx Freight has a one year low of $141.33 and a one year high of $166.90.

More FedEx Freight News

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

• Positive Sentiment: Wolfe Research initiated coverage on FedEx Freight Hldg Co (FDXF) with an outperform rating and a $180 price target, implying meaningful upside from current levels. Cramer’s stop trading: FedEx Freight Holding Company
• Positive Sentiment: Several articles framed the newly independent company as a potential winner, noting that the spinout could unlock value and give management a clearer path to improve growth and margins. FedEx Freight now an independent company
• Positive Sentiment: Jim Cramer also sounded constructive on the stock, calling the newly public FedEx Freight a possible “true winner,” which is adding to bullish sentiment around the debut. Why Jim Cramer says newly public FedEx Freight stock could be a ‘true winner’
• Neutral Sentiment: Zacks Research upgraded FDXF to hold, which suggests the stock is no longer viewed as a sell but does not signal strong conviction for further near-term gains. Zacks.com
• Neutral Sentiment: Coverage around the spinout highlighted that FedEx Freight is now operating independently and must prove it can win on its own, with some commentary pointing to competitive pressure from Amazon as a key risk.
• Neutral Sentiment: Other recent stories focused on the leadership team, the company’s IT buildout, and the pre-spin dividend to the parent, which are informative but less likely to drive immediate trading on their own.

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.