🟢 FedEx Freight is trading 22.5% up in after-hours trading with no confirmed company-specific explanation

FedEx Freight is trading 22.5% up in after-hours trading at $152, with no confirmed company-specific announcement or earnings release explaining the spike.

• It closed at $124.08 on September 10, 2026.
• Bernstein initiated coverage at Market Perform with a $133 price target; JPMorgan previously started coverage at Overweight with a $160 target.
• Broader markets declined, making macro sentiment an unlikely explanation.