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UPDATE: Dahlman Rose Initiates Coverage on Swift Transportation with Hold Rating

Related SWFT
Wunderlich Securities Sees Swift Transportation Getting Back On Track In 3Q14
Wunderlich Securities Sees Solid 3Q14 Results For Swift Transportation Co.

In a report published Friday, Dahlman Rose & Co. initiated coverage on Swift Transportation Co. (NYSE: SWFT) with a Hold rating.

Dahlman Rose noted, “We believe that the long-term outlook is favorable for Swift Transportation, as the company leverages a potential truckload (TL) capacity crunch and works to boost its exposure to key growth areas in freight transportation, including intermodal and Mexico cross-border operations. However, we are somewhat cautious about the near-term prospects of the industry, as the economic softness has pressured pricing to the 2-3% range in 1H12, down from 4%+ previously. Additionally, the recent rise in diesel prices could weigh on TL earnings in 3Q12. The Street's near-term EPS expectations for SWFT could prove too high.”

Swift Transportation Co. closed on Thursday at $8.39.

Latest Ratings for SWFT

DateFirmActionFromTo
Dec 2014Stifel NicolausMaintainsBuy
Nov 2014Bank of AmericaMaintainsBuy
Nov 2014Bank of AmericaMaintainsBuy

View More Analyst Ratings for SWFT
View the Latest Analyst Ratings

Posted-In: Dahlman Rose & Co.Analyst Color Initiation Analyst Ratings

 

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