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Fly News Breaks for September 28, 2015
SWFT
Sep 28, 2015 | 07:38 EDT
Stephens lowered its price target on Swift Transportation to $24 from $35 following the company's pre-announcement and guide down. The firm notes, however, that about half of the earnings guidance cut stems from legal settlements and negative developments on prior year claims, which it views as not necessarily recurring and hard to predict. Stephens keeps its Overweight rating on Swift Transportation shares.
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