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Fly News Breaks for December 2, 2016
FWRD
Dec 2, 2016 | 07:59 EDT
As reported previously, Baird analyst Benjamin Hartford downgraded Forward Air to Neutral from Outperform as he sees more limited revenue/EBIT growth opportunities, integration risk from its diversification strategy, and a likely lower valuation multiple. Hartford maintained his $49 price target on Forward Air shares.