FedEx Freight will begin independent trading on Monday following its spinoff. FedEx has finalized the spin-off of its freight division into an independent public company. Bank of America has initiated coverage on FedEx Freight with a Buy rating and a price target of $185.
Analysts see significant margin expansion potential for the LTL carrier following its spin-off, projecting a 21% upside from current levels.
Read the full storyFedEx Corp. has completed the spin-off of its freight division into a standalone public entity to allow both companies to pursue distinct operational strategies and growth paths.
FedEx is finalizing the spinoff of its freight unit to unlock shareholder value by separating the specialized logistics business from its primary express operations.