Bank of America Initiates 'Buy' Rating for FedEx Freight with $185 Price Target
Bank of America initiated coverage on newly independent LTL carrier FedEx Freight (FDXF) with a 'Buy' rating and a price target of $185. The firm highlighted potential margin expansion, cost reductions, technology investments, and pricing improvements as key drivers for the company's standalone growth.
Topics: analyst coverage LTL carrier margin expansion stock rating