Bank of America initiated coverage on shares of FedEx Freight (NYSE:FDXF – Free Report) in a report issued on Monday. The firm issued a buy rating and a $185.00 price target on the stock.
Separately, Truist Financial started coverage on FedEx Freight in a research report on Tuesday. They set a “hold” rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.00.
View Our Latest Stock Analysis on FDXF
FedEx Freight Stock Performance
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.
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