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Fly News Breaks for February 11, 2016
FWRD
Feb 11, 2016 | 07:53 EDT
Stephens analyst Jack Atkins noted that Forward Air's core Airport-to-Airport segment had about $3M in unusual costs that weighed on margins. Despite the company's Q4 miss, Atkins said he still "firmly believes" in the earnings power in its business model and views the risk/reward at current levels as "simply too favorable to ignore." The analyst trimmed his price target to $50 from $53 and keeps an Overweight rating on the stock.
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