Fly News Breaks for March 5, 2019
SNDR, USX, KNX, WERN, ECHO
Mar 5, 2019 | 16:45 EDT
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.
News For ECHO;KNX;SNDR;WERN;USX From the Last 2 Days
Jun 18, 2019 | 04:48 EDT
UBS analyst Thomas Wadewitz downgraded Schneider National to Neutral from Buy.