UPDATE: Stifel Nicolaus Raises PT to $23 on Celadon Group on FQ1 Results
Stifel Nicolaus reiterated its Buy rating on Celadon Group (NYSE: CGI) and raised its price target from $22 to $23.
Stifel Nicolaus noted, "Increasing our FY2013, FY2014, and FY2015 EPS estimates from $1.36, $1.54, and $1.72 to $1.40, $1.59, and $1.77, respectively. Our updated estimates include slower revenue growth than previously anticipated given the current slow economic growth rate as well as more favorable operating ratio compression than previously assumed given the company's continued sub-90 ORs resulting from the benefits of its young fleet and fuel cost vigilance."
Celadon Group closed at $16.65 on Wednesday.
Latest Ratings for CGI
|Nov 2016||Avondale Partners||Downgrades||Market Outperform||Market Perform|
|Aug 2016||Avondale Partners||Upgrades||Market Perform||Market Outperform|
|Jun 2016||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.