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BMO Capital Starts FedEx Freight (FDXF-W) at Market Perform

Thu, 28 May 2026 03:50:16 -0400

BMO Capital analyst Fadi Chamoun initiates coverage on FedEx Freight (: FDXF-W) with a Market Perform rating and a price target of $140.00.

The analyst comments: “FDXF has the potential to deliver meaningful earnings and free cash flow (FCF) improvement in a demand recovery and outperform peers in a flat environment if management executes a step-change in service levels. However, a transition to a standalone LTL carrier could drive uneven early performance, and establishing execution credibility—likely required to support higher valuation—may take time. Our framework supports a constructive view at low-double-digit EV/EBITDA multiples, a neutral stance at 13–15x, and favours established

BMO Capital Starts FedEx Freight (FDXF-W) at Market Perform

Thu, 28 May 2026 03:50:16 -0400

BMO Capital analyst Fadi Chamoun initiates coverage on FedEx Freight (: FDXF-W) with a Market Perform rating and a price target of $140.00.