Bank of America Cuts FedEx Freight (NYSE:FDXF) Price Target to $140.00

FedEx Freight (NYSE:FDXF) had its price objective cut by Bank of America from $157.00 to $140.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on FDXF. Jefferies Financial Group initiated coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price target on the stock. Sanford C. Bernstein started coverage on shares of FedEx Freight in a research note on Thursday, September 10th. They set a “market perform” rating and a $133.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a report on Friday, June 26th. Wolfe Research began coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Finally, Weiss Ratings downgraded FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, FedEx Freight has a consensus rating of “Moderate Buy” and an average target price of $168.92.

FedEx Freight Stock Up 1.5%

Shares of FedEx Freight stock opened at $111.02 on Tuesday. The firm has a 50 day moving average of $132.13. FedEx Freight has a 52 week low of $107.67 and a 52 week high of $194.27.

Hedge Funds Weigh In On FedEx Freight

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new position in FedEx Freight during the 2nd quarter worth approximately $44,000. United Community Bank purchased a new stake in shares of FedEx Freight in the 2nd quarter valued at $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight in the second quarter worth $64,000. MCF Advisors LLC acquired a new stake in shares of FedEx Freight in the second quarter worth $65,000. Finally, Coastline Trust Co acquired a new stake in shares of FedEx Freight in the third quarter worth $54,000.

About FedEx Freight

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.