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Fly News Breaks for September 28, 2015
SWFT
Sep 28, 2015 | 09:24 EDT
Baird cut its price target on Swift Transport to $20 from $26 after the company pre-announced results and lowered its FY15 earnings guidance. However, the firm sees a strong likelihood that earnings grow in 2016 and thinks the stock is at a near-trough valuation, leading it to maintain an Outperform rating on Swift shares.
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