Jul. 10 at 1:07 AM
FedEx Freight Holding received another bullish analyst endorsement as Stephens initiated coverage with an Overweight rating and a
$180 price target, highlighting an attractive entry point after the newly independent LTL carrier had fallen roughly 17% over the past month. The target implies meaningful upside from current levels, with the stock trading near the lower end of its
$135–
$200 52-week range.
The initiation follows Goldman Sachs' recent Buy rating and
$186 price target, reinforcing growing Wall Street confidence in the company's outlook as a standalone business. Analysts point to improving freight volumes, opportunities to expand pricing power and margins, and signs that the long downturn in the freight market since 2022 is beginning to reverse. As North America's largest less-than-truckload (LTL) carrier, with about 17% market share and roughly
$9 billion in annual revenue, FedEx Freight is viewed as one of the biggest potential beneficiaries of a freight recovery.
$FDXF