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Fly News Breaks for December 16, 2016
CGI, LSTR, MRTN, WERN, KNX, HTLD
Dec 16, 2016 | 07:16 EDT
As noted earlier, Stifel downgraded Heartland Express (HTLD), Knight Transportation (KNX), Werner Enterprises (WERN), Marten Transportation (MRTN) , Landstar System (LSTR), and Celadon Group (CGI) to Sell from Hold. Analyst John Larkin believes that the stocks reflect a corporate tax cut, "improved energy self-sufficiency, and a large infrastructure plan." He thinks that all three initiatives probably won't be quickly implemented after President-elect Trump enters office.
News For HTLD;KNX;WERN;MRTN;LSTR;CGI From the Last 2 Days
WERN
Apr 15, 2024 | 09:17 EDT
BofA analyst Ken Hoexter lowered the firm's price target on Werner to $34 from $35 and keeps an Underperform rating on the shares. The firm lowered its truckload Q1 EPS estimates 11% on average and 2024 EPS estimates 8% on average, citing demand, rate, and margin pressure from the elongated freight downcycle.
