Raymond James lowers FedEx Freight stock price target on cost timeline
Published . Updated .
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This report is about container shipping.
Directly affected
- FDXF FedEx Freight Holding+4.9% 14d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-6.5% 8d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby+3.6% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FDXF | -17.80% | -16.70% | base | after close | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | after close | after close | after close | after close |
| IYT | -1.11% | -1.81% | base | after close | after close | after close | after close |
| ZIM | +4.85% | +3.12% | base | after close | after close | after close | after close |
| MATX | +4.99% | +2.59% | base | after close | after close | after close | after close |
| KEX | -2.29% | +3.79% | base | after close | after close | after close | after close |
| DAC | +2.07% | +3.14% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Raymond James lowers FedEx Freight stock price target on cost timeline Investing.com
Source: Investing.com
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| BWET | three days earlier | +2.86% | final price |
| BWET | five days earlier | -1.54% | final price |
| DAC | three days earlier | +3.14% | final price |
| DAC | five days earlier | +2.07% | final price |
| FDXF | three days earlier | -16.70% | final price |
| FDXF | five days earlier | -17.80% | final price |
| IYT | three days earlier | -1.81% | final price |
| IYT | five days earlier | -1.11% | final price |
| KEX | three days earlier | +3.79% | final price |
| KEX | five days earlier | -2.29% | final price |
| MATX | three days earlier | +2.59% | final price |
| MATX | five days earlier | +4.99% | final price |
| ZIM | three days earlier | +3.12% | final price |
| ZIM | five days earlier | +4.85% | final price |
How solid the shipping case looks
12 out of 100
“Raymond James lowers FedEx Freight stock price target on cost timeline” scores 12 out of 100. The score uses 1 sources.