UPDATE: Deutsche Bank Initiates Roadrunner Transportation at Buy on Growth Outlook

Deutsche Bank initiated Roadrunner Transportation

with a Buy rating and a $30.00 price target. Deutsche Bank noted, "We see solid growth opportunities as the company continues to expand its diversified transportation service offerings. Our $30 price target is based on 18x our 2014 EPS estimate of $1.78, discounted by 8%. While shares of Roadrunner are up 24% over the past six months (vs. an 8% increase in the S&P 500), we see further upside potential as earnings estimates feel conservative." Roadrunner Transportation closed at $22.23 on Tuesday.