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Fly News Breaks for April 5, 2018
R
Apr 5, 2018 | 06:33 EDT
JPMorgan analyst Brian Ossenbeck downgraded Ryder System to Underweight and cut his price target for the shares to $65 from $73. The analyst is making a "longer term call on 2019 expectations," which he believes are too high and embed "significant gains on residual values and used truck sales." Into the Q1 earnings season, the analyst is more cautious on the Class I rails and intermodal providers as "rail service levels remain anemic."
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