BUZZ-FedEx shares rise on completion of FedEx Freight spinoff

Fedex

Fedex

FDX

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** Shares of global delivery firm FedEx FDX.N rise more than 2% to $339 premarket

** The company announces completion of FedEx Freight spinoff, which begins trading later today on the New York Stock Exchange under the symbol "FDXF"

** FedEx Freight expects medium-term revenue growth of 4% to 6%, CFO Marshall Witt said in April

** Median PT of 29 brokerages covering FDX stock is $420 - data compiled by LSEG

** As of last close, FDX up 42.5% YTD


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