Stephens Upgrades FedEx Freight (NYSE:FDXF) to “Strong-Buy”

FedEx Freight (NYSE:FDXF) was upgraded by analysts at Stephens to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on FDXF. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price target for the company. Evercore assumed coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $168.00 target price on the stock. Stifel Nicolaus started coverage on FedEx Freight in a research note on Thursday, June 4th. They issued a “hold” rating and a $160.00 price target for the company. Truist Financial initiated coverage on FedEx Freight in a research report on Tuesday, June 2nd. They set a “hold” rating for the company. Finally, Raymond James Financial assumed coverage on FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.56.

FedEx Freight Stock Performance

FedEx Freight stock opened at $143.44 on Wednesday. FedEx Freight has a 12 month low of $140.67 and a 12 month high of $194.27.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.