FedEx Freight (NYSE:FDXF) Now Covered by Wolfe Research

Investment analysts at Wolfe Research began coverage on shares of FedEx Freight (NYSE:FDXF) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $180.00 price target on the stock. Wolfe Research’s price target indicates a potential upside of 14.33% from the company’s current price.

Several other brokerages also recently issued reports on FDXF. Truist Financial started coverage on FedEx Freight in a research report on Tuesday. They issued a “hold” rating for the company. Bank of America began coverage on FedEx Freight in a research note on Monday. They issued a “buy” rating and a $185.00 target price for the company. Zacks Research raised shares of FedEx Freight to a “hold” rating in a report on Tuesday. Evercore began coverage on shares of FedEx Freight in a research note on Thursday. They issued an “outperform” rating and a $168.00 target price for the company. Finally, Raymond James Financial started coverage on shares of FedEx Freight in a research report on Wednesday. They set an “outperform” rating and a $180.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.25.

FedEx Freight Trading Up 3.6%

Shares of NYSE:FDXF traded up $5.44 during trading on Thursday, reaching $157.44. The stock had a trading volume of 91,995 shares, compared to its average volume of 3,028,821. FedEx Freight has a 52 week low of $141.33 and a 52 week high of $166.90.

Key Stories Impacting FedEx Freight

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

• Positive Sentiment: Bank of America initiated coverage on FedEx Freight with a Buy rating and a $185 price target, citing margin expansion potential for the newly independent LTL carrier.
• Positive Sentiment: Market commentary has been constructive on the spin-off, with analysts and media noting that FedEx Freight could be a “true winner” as an independent business with greater strategic focus. Why Jim Cramer says newly public FedEx Freight stock could be a ‘true winner’
• Positive Sentiment: FedEx Freight officially began trading independently after the spin-off from FedEx, a move that some coverage says could unlock value and improve returns for the business and its parent company. FedEx completes freight spin-off as independent LTL carrier
• Positive Sentiment: Zacks Research upgraded FedEx Freight to Hold, adding another mildly supportive signal following the debut as a standalone company.
• Neutral Sentiment: Several articles highlighted operational and leadership background at the company, including its CTO’s work building the IT team and the CEO’s plan for leading the “$9B startup,” but these are more informational than immediate stock catalysts.
• Negative Sentiment: Some coverage flagged execution risk for the newly independent company, noting it must prove it can compete on its own and faces competitive pressure, including a potential threat from Amazon’s logistics network.

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.