Information Provided By:
Fly News Breaks for October 21, 2016
HTLD
Oct 21, 2016 | 09:22 EDT
As previously reported, Stephens analyst Brad Delco downgraded Heartland Express to Equal Weight from Overweight following Q3 results that missed both top and bottom line expectations. While the analyst appreciates the company's strong balance sheet and growing cash position, he sees limited organic earnings growth over the next 12 months, while recognizing accretion from potential M&A as unlikely given the weak used truck market. Delco also lowered his price target on the shares to $20 from $22.
News For HTLD From the Last 2 Days
There are no results for your query HTLD