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UPDATE: Sterne Agee Raises PT on Quality Distribution from $16 to $18

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Sterne Agee maintained a Buy rating on Quality Distribution (NASDAQ: QLTY) and raised its price target from $16 to $18.

Sterne Agee noted, “QLTY's EPS report was a penny below consensus, but the growth pipeline has been strong, and the company's results should improve in 2H12. We continue to believe investors are not properly valuing the asset-light carrier, and growth in energy exposure with improving Bakken production and stronger chemical transport comps bodes well for the fall.”

Quality Distribution closed at $9.76 on Tuesday.

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

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