BUZZ-Raymond James starts FedEx Freight coverage with 'outperform' rating

FedEx Freight Holding Company, Inc.

FedEx Freight Holding Company, Inc.

FDXF

0.00

** Raymond James initiates FedEx Freight FDXF.N coverage with "outperform" rating; sets PT at $180

** Price target represents a 17.4% upside on stock's last close

** Brokerage says FDXF represents an opportunity as the less-than-truckload (LTL) industry leader and is set to benefit from an improved "trucking cycle"

** "After a near decade and-a-half of declining service, we believe a renewed focus on service sets the stage for ample opportunities to upgrade the freight book that should afford both pricing and margin opportunities longer term," brokerage says

** As of last close, shares up 1.6% YTD



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