Jefferies Maintains Buy on Ryder System (R)

Jefferies is out with its report today on Ryder System (NYSE: R), maintaining Buy.

In a note to clients, Jefferies writes, "We hosted management meetings with Ryder. With earnings 50% below past-peak and late-cycle fundamentals just starting to turn, we say: BUY RYDER."

At the time of posting, shares of R were trading at $54.36, up 1.63% from Thursday's close.