Dahlman Rose Lowers Estimates on YRC Worldwide (YRCW)

Dahlman Rose is out with a research report this afternoon, where it reiterates its Hold rating on YRC Worldwide Inc.

; it does not have a price target on the stock. The DR analysts cited the company's recently released quarterly earnings, which were slightly below estimates. Revenues fell 13% year over year. The analysts noted that YRC Worldwide downplayed concerns about the recent legal actions filed against it and the International Brotherhood of Teamsters by Arkansas Best. They said, “YRC Worldwide appeared very confident in its prediction that the lawsuits will ultimately fail to implicate it in any illegal action. While Arkansas Best's objection to a unilateral agreement between YRC Worldwide and the IBT may be well founded, we believe the Arkansas carrier's legal actions could face some challenges. The Dahlman analysts lowered their 2010 EBITDA estimate from a loss of $14 million to a loss of $30 million to account for the 4Q10 ramping of operating resources as volumes pickup.