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Fly News Breaks for November 29, 2018
R
Nov 29, 2018 | 05:59 EDT
Stifel analyst David Ross upgraded Ryder System to Buy while lowering his price target for the shares to $69 from $81. Approaching 2019, the stock's upside/ downside case is now in investors' favor, Ross tells investors in a research note. He says that while estimates have been cut, Ryder's valuation is more reasonable at current levels. With the trucking market expected to remain tight in 2019, commercial rental demand should firm, says the analyst. Ross cites valuation for the upgrade of Ryder to Buy.
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