UPDATE: Wunderlich Securities Initiates Hold, $16 PT on Heartland Express; Tepid Growth Outlook

Wunderlich Securities initiates its coverage on Heartland Express HTLD with a rating of Hold and a price target of $16 per share. Wunderlich Securities notes, "Heartland is the highest-quality truckload carrier: a cost-conscious regional operator driven by a hometown culture. Management remains committed to following its disciplined long-term strategy of preserving best-in-class margins, rock-solid financials, providing premium service at compensatory rates, and maintaining top-of-the-market driver pay and hiring standards. While this strategy has served the company well over the years, it has, on occasion, yielded soft growth." HTLD closed at $14.13 on Wednesday.