Wunderlich Securities initiates its coverage on Heartland Express HTLD with a rating of Hold and a price target of $16 per share.
Wunderlich Securities notes, "Heartland is the highest-quality truckload carrier: a cost-conscious regional operator driven by a hometown culture. Management remains committed to following its disciplined long-term strategy of preserving best-in-class margins, rock-solid financials, providing premium service at compensatory rates, and maintaining top-of-the-market driver pay and hiring standards. While this strategy has served the company well over the years, it has, on occasion, yielded soft growth."
HTLD closed at $14.13 on Wednesday.
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Posted In: Analyst ColorPrice TargetInitiationPre-Market OutlookAnalyst RatingsWunderlich Securities
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