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Fly News Breaks for July 1, 2019
USX, ECHO
Jul 1, 2019 | 08:43 EDT
Stephens analyst Jack Atkins assumed coverage of the Truckload group and downgraded both Echo Global (ECHO) and U.S. Xpress Enterprises (USX) to Equal Weight from Overweight. On Echo, he continues to see significant long-term opportunity, but believes the stock could be range bound until investors have conviction that freight trends have started to improve. He set a $26 price target on Echo Global shares.
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