• FDXF is trading 5.9% up today at $170.47 after Jefferies initiated coverage with a 'Buy' rating and a $200 price target.
  • Analysts at Jefferies view FedEx Freight as the most compelling self-help opportunity in the less-than-truckload sector following its June 1 spin-off from FedEx.
  • The newly independent entity is also gaining attention ahead of FedEx’s Q4 earnings report today, where the parent company is expected to discuss freight growth and plans to monetize its 19.9% stake in FDXF.