FedEx (FDX) PT Raised to $442 at Stifel

Stifel analyst J. Bruce Chan raised the price target on FedEx (NYSE: FDX) to $442.00 (from $425.00) while maintaining a Buy rating.

The analyst commented, "FedEx Freight formally introduced itself to the investment community ahead of its planned June 2026 spin-off as a standalone, pure play Less-than-Truckload operator. The business is and will remain the largest and most-scaled provider in North America, with management's focus on sustainable, higher-quality earnings growth. Messaging for the event centered on a simple but important reframing of the story: FedEx Freight is no longer just a division within a broader, complex enterprise, but a focused LTL platform with a differentiated service offering, structural network advantages, and a more disciplined capital allocation framework. The separation is intended to unlock both operational focus and valuation upside, in our view. Pre-spin, the confirmation of yield and margin prioritization supports our favorable view of the broader enterprise and reassures us that the competitive environment in LTL remains disciplined. We plan to release a stand-alone model and investment thesis for Freight upon its debut."

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