Goldman Sachs Maintains Neutral on Con-way

Goldman Sachs is out with its report today on Con-way CNW, maintaining Neutral. In a note to clients, Goldman Sachs writes, "We see positive risk-reward for CNW on the quarter, as channel checks suggest pricing continues to improve in LTL and variable cost control may be stronger than many investors expect. A 1% in price can result in up to $0.30 in annual EPS, underscoring the leverage in this capital intensive network business." Goldman Sachs maintains a $43 PT on CNW. Shares of CNW closed Monday at $40.55, down 2.43% from Friday's close.
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