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Fly News Breaks for March 21, 2017
SWFT
Mar 21, 2017 | 08:11 EDT
As previously reported, Longbow upgraded Swift Transportation to Buy from Neutral with a $26 price target. Analyst Matthew Brooklier believes industry capacity rationalization over the last 18 months has contributed to improved supply/demand fundamentals, with pricing gradually improving and potentially inflecting during 2018 due to TL industry regulation change. The analyst also commented that management's focus on fleet utilization and cost control could result in a quicker earnings recovery.
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