FedEx Freight (NYSE:FDXF) Upgraded by Stephens to Strong-Buy Rating

Stephens upgraded shares of FedEx Freight (NYSE:FDXF) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Zacks Research raised shares of FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. Wolfe Research began coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price target on the stock. BMO Capital Markets boosted their price objective on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. The Goldman Sachs Group assumed coverage on FedEx Freight in a report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a “hold” rating and a $160.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.56.

FedEx Freight Trading Down 0.9%

NYSE:FDXF opened at $143.44 on Wednesday. FedEx Freight has a 52 week low of $140.67 and a 52 week high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results 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.