UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Ryder System
In a report published Friday, Jefferies reiterated its Buy rating on Ryder System (NYSE: R), and raised its price target from $62.00 to $69.00.
Jefferies noted, “Ryder posted upside 4Q EPS as topline and profit growth accelerated on continued strength in the leasing business. Upside 2013 guidance and expected continued growth in the late cycle business point to additional upside for the shares.”
Ryder System closed on Thursday at $56.78.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.