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Roadrunner Transporation Systems On The Move Following Raymond James Upgrade

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Raymond James upgraded Roadrunner Transportation Systems (NYSE: RRTS) on Wednesday morning, which helped to lift the stock price up.

Raymond James analyst, Arthur W. Hatfield and Derek Rabe went on to explain:

“Despite the recent headwinds of higher insurance claims and a lack of density in its LTL (light truck load) network, we have re-assessed our position on shares of RRTS given the pervasive strength in pricing throughout the broader trucking market. As such, we are upgrading shares to Outperform from Market Perform.”

Hatfield and Rabe raised their full year EPS estimate to $1.45 from $1.39, and offered a $31 price target.

The stock is currently trading at $27.47, and is up by 3.47 percent on Wednesday's trading session.

Latest Ratings for RRTS

DateFirmActionFromTo
Jul 2016Stifel NicolausMaintainsBuy
Jul 2016Deutsche BankMaintainsBuy
May 2016BB&T CapitalDowngradesHoldUnderweight

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Posted-In: Arthur W. Hatfield Derek Rabe Raymond JamesAnalyst Color Upgrades Analyst Ratings

 

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