BofA Raises FedEx Freight Price Target to $187
BofA raised the firm's price target on FedEx Freight (FDXF) to $187 from $185 and keeps a Buy rating on the shares after the company posted adjusted operating income above the firm's targets in its first earnings release post-spin. Until clearer financials are disclosed, the firm moves its target multiple below the average of industry leaders XPO (XPO), Old Dominion (ODFL), and Saia (SAIA), but increased its calendar 2027 EPS estimate 2% to $5.41 following the report.
