FedEx shares rise on completion of FedEx Freight spinoff
01/06/2026 11:58
BUZZ-FedEx shares rise on completion of FedEx Freight spinoff ** Shares of global delivery firm FedEx FDX.N rise more than 2% to $339 premarket
** The company announces completion of FedEx Freight spinoff, which begins trading later today on the New York Stock Exchange under the symbol "FDXF"
** FedEx Freight expects medium-term revenue growth of 4% to 6%, CFO Marshall Witt said in April
** Median PT of 29 brokerages covering FDX stock is $420 - data compiled by LSEG
** As of last close, FDX up 42.5% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))