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Fly News Breaks for July 18, 2019
Jul 18, 2019 | 07:06 EDT
KeyBanc analyst Todd Fowler lowered his price target for Ryder to $75 from $80 following his Q2 checks to reflect more moderate rental and lease demand. The analyst views used truck trends as largely consistent with guidance and anticipates maintenance initiatives and current-year lease additions to offset lower gains, potentially weaker rental, and depreciation headwinds in 2020. Fowler reiterates an Overweight rating on the shares.
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