Investing.com-- With global logistics giant FedEx Corp. (NYSE: announces plans to cease business.

Stifel said FedEx shares were set for a "big move" when the company reports its quarterly earnings after the close on Thursday, with the options market signaling a move of at least 10% in either direction. gives

Stifel rates FedEx a Buy with a target price of $321.0.

A key point of focus will be an update on the firm's strategic review of its freight business, with Stifel giving a more than 50% chance the firm will move forward with a spin-off, "sooner than later."

"If this happens, we believe the potential upside is likely significant and could add ~$100 to the stock," Stifel analysts said. The brokerage said the main price driver will be FedEx's lower U.S. truckloads. The business is viewed at a significant premium to FedEx's core business.

Investors continue to speculate about a potential freight spinoff, particularly as FedEx embarks on a series of cost-cutting measures in the face of weakening revenue and shrinking margins. The company is considered a bellwether for global business, and has struggled with slowing trends over the past two years.

FedEx is to post EPS of $4.05 on revenue of $22.17 billion for the quarter ending Nov. 30, according to Investing.com data.