BUZZ-Stephens starts FedEx Freight at 'overweight' on profit growth potential

XPO, Inc.
FedEx Freight Holding Company, Inc.
ArcBest Corporation

XPO, Inc.

XPO

0.00

FedEx Freight Holding Company, Inc.

FDXF

0.00

ArcBest Corporation

ARCB

0.00

** Stephens starts freight-trucking firm FedEx Freight FDXF.N with "overweight" rating; sets PT at $180

** PT implies a 24.4% upside to stock's last close

** Brokerage says FedEx Freight has significant room for quick operational and customer-service improvements

** FedEx Freight can grow profits through efficiency gains and technology improvements, even without strong volume growth- Stephens

** Separately, Stephens resumes coverage of XPO XPO.N and ArcBest ARCB.O with an "overweight" rating

** Six of 10 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $179 - data compiled by LSEG

** As of last close, stock had risen fallen 4.2% YTD