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Fly News Breaks for December 11, 2018
YRCW, YRCW
Dec 11, 2018 | 11:25 EDT
Loop Capital analyst Jeffrey Kauffman lowered his price target on YRC Worldwide to $11 to reflect the lower relative valuations and his more modest view for tonnage gains in 2019-2020. The analyst also keeps his Buy rating on the shares, raising his Q4 EPS forecast to (1c) from (7c) on "stronger Q4 fundamentals" and expectations of a "modest improvement in operating profits" that should follow the Teamster labor discussions early next year.
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