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