Bank of America raised its price target on FedEx Freight Holding Company to $187 from $185 while maintaining a Buy rating, following the company's first post-spinoff earnings release. FedEx Freight reported fourth-quarter fiscal 2026 revenue of $2.4 billion, up 4.8% year-over-year, and adjusted operating income of $363 million, a 23.9% decline from the prior year. The firm also raised its calendar 2027 earnings per share estimate to $5.41. For the seven-month transition period ending December 31, 2026, the company projects revenue growth of 4% to 6% and operating income between $475 million and $515 million.
FedEx Freight Holding Company, Inc.BofA raised price target and maintained Buy rating after earnings
FedEx Corporation
Bank of America Corp