Market Overview

UPDATE: Dahlman Rose Upgrades Swift Transportation Co. to Buy, Establishes $12 PT

Share:
Related SWFT
The Default Probabilities Of Struggling Energy Stocks
Swift Transportation: Citi Discusses 'Tactical Outlook For Truck Carriers, OEMs And Suppliers'
Weakness Seen in Swift Transportation (SWFT): Stock Tumbles 6.1% - Tale of the Tape (Zacks)

In a report published Monday, Dahlman Rose & Co. upgraded its rating on Swift Transportation Co. (NYSE: SWFT) from Hold to Buy and established a $12.00 price target.

Dahlman Rose noted, “We are upgrading SWFT shares to Buy, from Hold. We believe truckload industry fundamentals are improving and fuel may not be as big a headwind as it was in 3Q12 - two factors that should aid the company in delivering solid 4Q12 results, probably beating Street expectations, which had been largely formed amidst more uncertain conditions. Additionally, valuation remains compelling despite Friday's 5% run. Being the most levered in the space affords SWFT shares the highest appreciation potential during a positive turn in industry dynamics.”

Swift Transportation Co. closed on Friday at $8.87.

Latest Ratings for SWFT

DateFirmActionFromTo
May 2015Wells FargoUpgradesMarket PerformOutperform
Apr 2015BarclaysMaintainsOverweight
Feb 2015UBSInitiates Coverage onBuy

View More Analyst Ratings for SWFT
View the Latest Analyst Ratings

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

 

Related Articles (SWFT)

Around the Web, We're Loving...