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Fly News Breaks for April 27, 2016
R
Apr 27, 2016 | 09:23 EDT
Stephens analyst Justin Long remains a buyer of Ryder's stock as he believes this is an underappreciated long-term growth story at an attractive valuation. The analyst sees the company's Q1 adjusted EPS beat as better than many feared given a soft freight environment, and says it speaks to the "strength and flexibility" of Ryder's business model. Long reiterates an Overweight rating on the shares and raised his price target to $83 from $75.
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