Analyst Remains Positive On FedEx Freight (FDXF) Following Its Spinoff

FedEx Freight Holding Company, Inc. (NYSE:FDXF) is one of the stocks that were recently added to the S&P 500 index. The company was added to the index following a spinoff from FedEx Corporation (NYSE:FDX).

On June 26, TheFly reported that BofA raised its price target on FedEx Freight Holding Company, Inc. (NYSE:FDXF) from $185 to $187, while maintaining a Buy rating on the stock. The firm retains a positive stance on FDXF following BofA's above-target adjusted operating income for the first earnings release post-spin. During Q4 FY2026, revenue came in at $2.4 billion, up 4.8% year-over-year. The adjusted operating income was $363 million, a 23.9% decrease from a year ago. BofA has moved its target multiple for FDXF below the average of industry leaders. However, the firm raised its CY2027 earnings per share estimate to $5.41.Analysts Remains Positive On FedEx Freight (FDXF) Following Its Spinoff

FedEx Freight now projects better results for CY2026, with revenue growth between 4% and 6% and operating income of $475-$515 million for the seven-month transition period ending December 31, 2026. The firm's CEO, John Smith, mentioned that FedEx Freight is entering a new phase of strategy focused on profitable growth and service differentiation. Here is what CFO Marshall Witt added:

Our guidance for the seven-month transition period reflects our confidence in the underlying strength of the business. We believe FedEx Freight is well-positioned to deliver strong financial performance as we invest strategically in the business and generate durable shareholder value.

FedEx Freight Holding Company, Inc. (NYSE:FDXF) offers less-than-truckload freight transportation services. The company operates in the U.S., Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. The company was incorporated in 2025 and is based in Memphis, Tennessee.

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