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WERN

Werner

$32.69

0.63 (1.97%)

, SNDR

Schneider National

$19.43

0.305 (1.60%)

06:13
09/03/19
09/03
06:13
09/03/19
06:13

Werner upgraded to Buy from Neutral at Citi

Citi analyst Christian Wetherbee upgraded Werner (WERN) to Buy from Neutral and raised his price target for the shares to $40 from $32. The analyst says he's becoming more constructive on the s full truckload sector saying fundamentals are bottoming after a disappointing year of volume and pricing declines. Within transportation, the truckload sector is earliest in the cycle to work with shares typically outperforming as the second derivative in freight volume and pricing turns positive and estimates are cut, Wetherbee tells investors in a research note. The analyst adds that his data suggest trends are stabilizing as opposed to worsening. Wetherbee this morning also upgraded Schneider National (SNDR) to Buy from Neutral and kept a Buy rating on Knight-Swift Transportation (KNX).

WERN

Werner

$32.69

0.63 (1.97%)

SNDR

Schneider National

$19.43

0.305 (1.60%)

KNX

Knight-Swift

$34.16

0.87 (2.61%)

  • 03

    Sep

  • 11

    Sep

  • 13

    Nov

WERN Werner
$32.69

0.63 (1.97%)

03/05/19
MSCO
03/05/19
UPGRADE
Target $25
MSCO
Equal Weight
Echo Global upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Ravi Shanker upgraded Echo Global (ECHO) to Equal Weight and raised his price target to $25 from $22 as part of his broader research note recommending that investors buy Truck Load names. The analyst contends that the behavior of the industry over the past 6 months suggests a "potential structural bull case of rates re-basing higher" and expects the industry multiples to re-rate higher as well. Shanker anticipates 25%-50% upside to Truck Load stocks from their current levels. Outside of Echo Global, the analyst also highlights Knight Swift (KNX), Schneider National (SNDR), Werner Enterprises (WERN), and U.S. Xpress Enterprises (USX) as his "top picks" in the Freight Transportation sector, saying they trade "below trough valuation" despite better than expected 2019 guidance.
04/30/19
BARD
04/30/19
NO CHANGE
BARD
Amazon freight launch an overhang on domestic U.S. brokers, says Baird
Baird analyst Benjamin Hartford noted that incumbent U.S. truck brokers such as C.H. Robinson (CHRW) and Landstar System (LSTR) underperformed U.S. asset-based transports yesterday after it came to light that Amazon (AMZN) launched its website, freight.amazon.com, related to its truck brokerage service. He views this reaction to be the correct read by the market, as he sees asset-based carriers with emerging logistics capabilities - like Knight-Swift (KNX), Schneider National (SNDR), J.B. Hunt (JBHT) and Werner (WERN) - being strategically better positioned to weather the risk of gross margin compression from full truckload services being offered by Amazon, Hartford tells investors. Hartford has Neutral ratings on both C.H. Robinson and Landstar.
07/11/19
07/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo with analyst Andrew Casey saying future potential appears to be increasingly complicated by ongoing end market growth deceleration in the U.S. 2. Allstate (ALL) downgraded to Underperform from Neutral at Credit Suisse with analyst Michael Zaremski calling it the insurer most levered to homeowners' insurance at a time when record levels of precipitation in the U.S. raises the probability of worse than expected "non-catastrophe" claims volumes in the homeowners' line of business. 3. Alcoa (AA) downgraded to Hold from Buy at Deutsche Bank with analyst Chris Terry saying he previously thought Alcoa's legacy liabilities from pension and debt would reduce, the aluminum chain pricing will improve, and that its free cash flow would increase. However, he no longer sees this playing out in the near term. 4. Werner (WERN) downgraded to Underperform from Neutral at Credit Suisse with analyst Allison Landry saying that with a weakening demand backdrop, contract TL rates that are turning negative, and anecdotal evidence that suggests capacity remains relatively loose, she sees fairly meaningful risk to the second half of 2019 and 2020 EPS for the asset based truckers. 5. Hamilton Lane (HLNE) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/19
FBCO
07/11/19
DOWNGRADE
FBCO
Underperform
Werner downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Allison Landry downgraded Werner to Underperform from Neutral saying that with a weakening demand backdrop, contract TL rates that are turning negative, and anecdotal evidence that suggests capacity remains relatively loose, she sees fairly meaningful risk to the second half of 2019 and 2020 EPS for the asset based truckers.
SNDR Schneider National
$19.43

0.305 (1.60%)

07/11/19
FBCO
07/11/19
DOWNGRADE
FBCO
Neutral
Schneider National downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Allison Landry downgraded Schneider National to Neutral from Outperform saying that with a weakening demand backdrop, contract TL rates that are turning negative, and anecdotal evidence that suggests capacity remains relatively loose, she sees fairly meaningful risk to the second half of 2019 and 2020 EPS for the asset based truckers.
06/28/19
WOLF
06/28/19
UPGRADE
WOLF
Peer Perform
Schneider National upgraded to Peer Perform from Underperform at Wolfe Research
06/18/19
UBSW
06/18/19
DOWNGRADE
UBSW
Neutral
Schneider National downgraded to Neutral from Buy at UBS
UBS analyst Thomas Wadewitz downgraded Schneider National to Neutral from Buy.
09/03/19
SBSH
09/03/19
UPGRADE
Target $23
SBSH
Buy
Schneider National upgraded to Buy from Neutral at Citi
Citi analyst Christian Wetherbee upgraded Schneider National to Buy from Neutral and raised his price target for the shares to $23 from $22. The analyst says he's becoming more constructive on the s full truckload sector saying fundamentals are bottoming after a disappointing year of volume and pricing declines. Within transportation, the truckload sector is earliest in the cycle to work with shares typically outperforming as the second derivative in freight volume and pricing turns positive and estimates are cut, Wetherbee tells investors in a research note. The analyst adds that his data suggest trends are stabilizing as opposed to worsening.
KNX Knight-Swift
$34.16

0.87 (2.61%)

07/11/19
DBAB
07/11/19
NO CHANGE
DBAB
Deutsche makes sell 'Catalyst Call' on J.B. Hunt, buy on XPO and Knight-Swift
Deutsche Bank analyst Amit Mehrotra initiated a "Catalyst Call" sell on J.B. Hunt (JBHT) and buys on both XPO Logistics (XPO) and Knight-Swift Transportation (KNX). The analyst made the short-term investment ideas into the Q2 earnings season. He thinks J.B. Hunt's results could serve as a catalyst for "broad-based" negative earnings revision for the company. For XPO, Mehrotra believes the company's Q2 results will mark a positive inflection point in sentiment. For Knight-Swift, the analyst thinks consensus estimates for Q4 are too low.
07/25/19
STFL
07/25/19
DOWNGRADE
Target $40
STFL
Hold
Knight-Swift downgraded to Hold from Buy at Stifel
Stifel anlayst David Ross downgraded Knight-Swift Transportation to Hold from Buy while raising his price target for the shares to $40 from $39. Following the company's Q2 results, the analyst sees a "more challenging" operating environment than was seen a year ago. To-date in July freight remains soft, and expects September will tell the Q3 story, Ross tells investors in a research note. He cites valuation for the downgrade of Knight-Swift to Hold.

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CRON

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$10.96

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

, SVRA

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MSFT

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TNDM

TNDM

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PRVB

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PAA

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COST

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TECD

Tech Data

$103.32

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

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AT&T

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DISH

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$35.58

0.3 (0.85%)

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AGCO

Agco

$76.04

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Petrobras

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CE

Celanese

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STI

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WBS

Webster Financial

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HSBC

HSBC

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HES

Hess Corp.

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CSCO

Cisco

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$0.00

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ASB

Associated Banc-Corp

$20.23

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GLD

SPDR Gold Shares

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

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  • 23

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CBPO

China Biologic

$103.19

0.37 (0.36%)

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T

AT&T

$36.77

-0.39 (-1.05%)

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  • 23

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GSK

GlaxoSmithKline

$41.06

-0.04 (-0.10%)

17:41
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