FedEx Freight Holding Co Inc
FDXF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|W^ | LOCK|Fq | LOCK|#^tD%? |
FedEx Freight: Initiating Coverage With $102 Fair Value Estimate; Market Valuation Sets High Bar
Following its spinoff from FedEx, we are initiating coverage of FedEx Freight—the largest North American less-than-truckload carrier. We think the separation will enable Freight to compete more effectively with key public peers, given its refined strategy that’s more tailored to LTL trucking.
