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Fly News Breaks for December 15, 2016
SWFT
Dec 15, 2016 | 06:48 EDT
JPMorgan analyst Brian Ossenbeck upgraded Swift Transportation to Overweight saying the shares offer the most attractive risk/reward in the Transportation and Logistics group. Truckload carriers are positioned to benefit as reduced capacity and improved demand bring realized rates positive in 2017 with further growth in 2018, Ossenbeck tells investors in a research note. He raised his price target for Swift shares to $31 from $23.
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