Goldman Sachs Sees 23% Margin Expansion for FedEx Freight, Private Fund Flows Stable
GS•Goldman Sachs’ private credit fund continues to report minimal redemption outflows, supporting stable asset growth and limited liquidity risk. The firm’s equity research team initiated coverage of FedEx Freight with a Buy rating and forecasts a 23% operating margin expansion upside.
1. Private Credit Fund Redemption
Goldman Sachs’ private credit fund has maintained very low redemption pressures, with outflows described as minimal relative to industry averages. This stability underscores continued investor confidence and limits the fund’s liquidity risks.
2. Coverage of FedEx Freight
Goldman Sachs’ equity research unit initiated coverage of FedEx Freight with a Buy rating and set targets reflecting a 23% expansion in operating margins. Analysts cited expected operational efficiencies and pricing power improvements as key factors driving future profitability.
