Raymond James starts FedEx Freight coverage with 'outperform' rating

FedEx Freight Holding

03/06/2026 13:54

** Raymond James initiates FedEx Freight FDXF.N coverage with "outperform" rating; sets PT at $180
** Price target represents a 17.4% upside on stock's last close
** Brokerage says FDXF represents an opportunity as the less-than-truckload (LTL) industry leader and is set to benefit from an improved "trucking cycle"
** "After a near decade and-a-half of declining service, we believe a renewed focus on service sets the stage for ample opportunities to upgrade the freight book that should afford both pricing and margin opportunities longer term," brokerage says
** As of last close, shares up 1.6% YTD


 (Reporting by Parth Chandna)
 ((Parth.Chandna@thomsonreuters.com;))