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Fly News Breaks for July 31, 2019
Jul 31, 2019 | 08:47 EDT
SunTrust analyst Stephanie Benjamin lowered her price target on Ryder to $65 after its Q2 results and a cut in FY19 earnings guidance, reflecting the expected deterioration in class 8 tractor pricing. The analyst keeps her Buy rating however, noting that those trends are now priced in, while the contractual portion of Ryder's business that is "well within" its control is performing "in line if not better" than expected.
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