FedEx Freight is viewed cautiously in its first week of trading
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FedEx Freight (FDXF) debuted with cautious analyst sentiment. Truist assigned a Hold rating and $155 price target, citing the need for evidence of improved network utilization and profitability before upgrading. Seeking Alpha analyst Gytis Zizys also holds a Hold view, emphasizing the need for transparent financial splits. Shares rose 1.3% on Tuesday, valuing the company at $17.9 billion.
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