Wunderlich Securities Sees Truckload Fundamentals Improving For Swift Transportation

In a report published Wednesday, Wunderlich Securities analyst Nicholas J. Bender reiterated a Buy rating and $30.00 price target on

. In the report, Wunderlich Securities noted, “Shares of Swift Transportation (SWFT) have been a bit of a roller coaster year-to-date, as the challenges of adverse weather and a tightening driver market have dueled with more favorable supply/demand fundamentals. While the 2014 operating environment has certainly proven to be more dynamic than originally anticipated, the company's communication of these challenges has often not jibed with investor expectations. The most glaring example of this was 2H14 guidance, which was widely panned as too bullish before the company cut its forecast by ~5% post-2Q14. Though the waters have been choppy, this volatility has done little to detract from our long-term thesis; namely, that persistent debt reduction will lead to multiple expansion vs. TL peers.” Swift Transportation closed on Tuesday at $21.37.