JPMorgan Chase & Co. Issues Pessimistic Forecast for FedEx Freight (NYSE:FDXF) Stock Price

Key Points

• JPMorgan lowered its FedEx Freight price target from $160 to $149 while maintaining an “overweight” rating, implying 32.2% upside from the prior close.
• Shares traded at $112.70, near the company’s $107.67 12-month low and well below its $194.27 high; the stock’s average analyst rating is “Moderate Buy” with a $168 price target.
• Analyst sentiment remains broadly positive, with multiple firms initiating coverage at Buy or Outperform, while major institutional investors—including State Street—recently acquired stakes.

FedEx Freight (NYSE:FDXF - Get Free Report) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $160.00 to $149.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 32.20% from the stock's previous close.

FDXF has been the subject of several other reports. Citigroup began coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an "outperform" rating for the company. Jefferies Financial Group began coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 target price on the stock. Citizens Jmp started coverage on FedEx Freight in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $190.00 price objective on the stock. Weiss Ratings downgraded shares of FedEx Freight from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 22nd. Finally, Bank of America reduced their target price on shares of FedEx Freight from $157.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FedEx Freight has an average rating of "Moderate Buy" and an average price target of $168.00.

FedEx Freight Price Performance

Shares of FDXF traded down $0.18 on Monday, reaching $112.70. The company's stock had a trading volume of 320,495 shares, compared to its average volume of 1,669,817. FedEx Freight has a twelve month low of $107.67 and a twelve month high of $194.27. The company has a fifty day moving average of $131.23.

Institutional Investors Weigh In On FedEx Freight

Several large investors have recently modified their holdings of the stock. State Street Corp bought a new stake in shares of FedEx Freight in the 2nd quarter worth approximately $723,747,000. Maple Rock Capital Partners Inc. purchased a new stake in FedEx Freight in the second quarter worth $68,207,000. Allianz Asset Management GmbH bought a new stake in shares of FedEx Freight in the second quarter valued at $50,888,000. National Pension Service bought a new stake in shares of FedEx Freight in the second quarter valued at $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FedEx Freight during the 2nd quarter valued at $19,666,000.

FedEx Freight Company Profile

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.

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