Information Provided By:
Fly News Breaks for July 10, 2018
FWRD
Jul 10, 2018 | 07:45 EDT
As previously reported, Stifel analyst J. Bruce Chan downgraded Forward Air to Hold from Buy, citing valuation as the stock approaches his unchanged price target of $64 per share. His long-term view is that Forward Air's consistent revenue growth should continue reliably, but Chan would suggest waiting for a pullback before adding to or initiating positions.