Loop Capital analyst Jeffrey Kauffman kept his Buy rating and $11 price target on YRC Worldwide but also cut his FY19 EPS outlook to (97c) from (52c) after the company announced an "unexpected" consolidation at its headquarters earlier this week. The analyst notes that after the facility closures expected to occur in Q3 and Q4, the company will see cost savings of about $60M-$80M in FY20, keeping his EPS view for next year at $1.50. Kauffman adds that the outlook for YRC Worldwide will get "much brighter" relative to its trucking peers and also expects the LTL trucking environment to be steadier going forward. At 2.3-times his expected FY20 earnings, the analyst contends that the stock is "oversold".