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Fly News Breaks for February 23, 2016
SWFT
Feb 23, 2016 | 09:31 EDT
Morgan Stanley analyst Ravi Shanker upgraded Swift Transportation to Overweight and raised his price target to $27 from $18 on shares. The analyst believes emerging technologies in the Trucking sector, like intelligent trucks, will drive far greater profitability for the sector and expects Swift Transport to be a direct beneficiary. Shanker named Swift his top pick in TL and all of Freight Transportation and sees room to improve returns through self-help initiatives.
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