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UPDATE: KeyBanc Upgrades Marten Transport to Buy, Names $25 PT on Constructive Outlook

Related MRTN
Benzinga's Top Downgrades
Raymond James Downgrades Marten Transport To Outperform

In a report published Monday, KeyBanc upgraded its rating on Marten Transport (NASDAQ: MRTN) from Hold to Buy, and named a $25.00 price target.

KeyBanc noted, “MRTN is our favorite small-cap value idea based on our more constructive truckload outlook, its industry-leading position in the temperature-controlled market, and a more attractive growth profile from expanding intermodal, brokerage and regional offerings. Further, company-specific initiatives aimed at improving its freight mix, cost structure, and operational discipline provide additional margin improvement opportunity into 2013, which, in our view, is underappreciated at current valuation, while a healthy financial position provides flexibility to increase dividends and support growth longer term. We believe these dynamics could catalyze shares as truckload fundamentals recover into 2013.”

Marten Transport closed on Friday at $20.34.

Latest Ratings for MRTN

DateFirmActionFromTo
Sep 2014Raymond JamesDowngradesStrong BuyOutperform
Jun 2014BB&T CapitalDowngradesBuyHold
May 2014KeyBancMaintainsBuy

View More Analyst Ratings for MRTN
View the Latest Analyst Ratings

Posted-In: KeyBancAnalyst Color Upgrades Analyst Ratings

 

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