Market Overview

UPDATE: Stifel Nicolaus Downgrades Echo Global Logistics to Hold on Valuation

Related ECHO
Is Echo Global Logistics (ECHO) Stock a Solid Choice Right Now? - Tale of the Tape
Top 4 NASDAQ Stocks In The Trucking Industry With The Lowest PEG Ratio

Stifel Nicolaus downgraded Echo Global Logistics (NASDAQ: ECHO) from Buy to Hold and removed the price target of $20.00.

Stifel Nicolaus said, "We are downgrading the common shares of Echo Global Logistics from Buy to Hold due to valuation. … Additionally, we believe that the company's truckload brokerage business has come under modest margin pressure in recent quarters as a result of the relative balance that has, of late, existed between supply and demand within the truckload sector (Note: truck brokers tend to perform fundamentally better when either supply exceeds demand or when demand exceeds supply)."

Echo Global Logistics closed at $19.64 on Tuesday.

Latest Ratings for ECHO

Sep 2014Stifel NicolausDowngradesHoldSell
Jun 2014Credit SuisseMaintainsNeutral
Apr 2014Craig-HallumUpgradesHoldBuy

View More Analyst Ratings for ECHO
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


Related Articles (ECHO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters