FedEx Freight (NYSE:FDXF) Upgraded at Stephens

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

Several other equities research analysts also recently commented on the company. Jefferies Financial Group initiated coverage on FedEx Freight in a report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective for the company. Wall Street Zen upgraded shares of FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Bank of America started coverage on shares of FedEx Freight in a research note on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective on the stock. Stifel Nicolaus began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set a “hold” rating and a $160.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FedEx Freight has a consensus rating of “Moderate Buy” and an average target price of $176.56.

FedEx Freight Stock Performance

FDXF opened at $143.44 on Wednesday. FedEx Freight has a 1-year low of $140.67 and a 1-year high of $194.27.

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