FedEx Freight (NYSE:FDXF) Rating Increased to Hold at Wall Street Zen

FedEx Freight (NYSE:FDXF) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research started coverage on shares of FedEx Freight in a report on Thursday. They issued an “outperform” rating and a $180.00 target price on the stock. Evercore started coverage on shares of FedEx Freight in a report on Thursday. They issued an “outperform” rating and a $168.00 target price on the stock. Truist Financial started coverage on shares of FedEx Freight in a report on Tuesday. They issued a “hold” rating on the stock. Bank of America assumed coverage on shares of FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 target price on the stock. Finally, Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.60.

FedEx Freight Stock Up 6.6%

Shares of NYSE FDXF opened at $168.05 on Friday. FedEx Freight has a 52-week low of $141.33 and a 52-week high of $175.00.

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.