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Fly News Breaks for April 26, 2018
FWRD
Apr 26, 2018 | 07:37 EDT
As previously reported, Stifel analyst J. Bruce Chan upgraded Forward Air to Buy from Hold. He believes Forward Air will be successful in paring down brokered transportation costs and increasing the owner-operator pool, which leave more margin growth potential for the company. Despite capacity challenges, it appears that some of the company's longer-term strategic initiatives seem to be bearing fruit, said Chan, who raised his price target on Forward Air to $64 from $62.