Stifel Nicolaus Maintains Buy on ECHO Global Logistics

Stifel Nicolaus is out with its report today on ECHO Global Logistics ECHO, maintaining Buy. In a note to clients, Stifel Nicolaus writes, "We are maintaining our Buy rating and target price of $18 (or 17.0x our 2013 EPS estimate of $1.05). Our target price provides potential for 24.0% upside from last night's closing price, which is enough to justify a continuation of our Buy rating." Shares of ECHO closed Tuesday at $14.52.