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Fly News Breaks for December 13, 2018
R
Dec 13, 2018 | 07:52 EDT
As reported yesterday, SunTrust analyst Stephanie Benjamin initiated Ryder with a Buy rating and a $63 price target. The analyst believes that the growth prospects of the company's "transportation outsourcing business and the size of the addressable market are underappreciated by the Street." Benjamin expects Ryder to exceed its current expectations with continued generation of "double-digit revenue and at least high-single-digit earnings growth trajectory over the next few years."
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