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Fly News Breaks for February 20, 2018
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Feb 20, 2018 | 07:52 EDT
KeyBanc analyst Todd Fowler lowered his price target for Ryder to $95 from $100 to reflect his revised estimates. While the analyst anticipates continued skepticism around ongoing challenges with respect to used vehicle fundamentals, he expects headwinds from lower residuals and higher maintenance to subside into 2019, supporting improved earnings growth. Additionally, core leasing and rental operating metrics remain favorable, with valuation incrementally compelling at current levels, he adds. Fowler reiterates an Overweight rating on the shares.
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