Market Overview

UPDATE: KeyBanc Upgrades Marten Transport to Buy, Names $25 PT on Constructive Outlook

Related MRTN
Analyst: Knight-Swift Holds Upside Potential
10 Notable Stocks Trading Ex-Dividend Monday, December 12

In a report published Monday, KeyBanc upgraded its rating on Marten Transport (NASDAQ: MRTN) from Hold to Buy, and named a $25.00 price target.

KeyBanc noted, “MRTN is our favorite small-cap value idea based on our more constructive truckload outlook, its industry-leading position in the temperature-controlled market, and a more attractive growth profile from expanding intermodal, brokerage and regional offerings. Further, company-specific initiatives aimed at improving its freight mix, cost structure, and operational discipline provide additional margin improvement opportunity into 2013, which, in our view, is underappreciated at current valuation, while a healthy financial position provides flexibility to increase dividends and support growth longer term. We believe these dynamics could catalyze shares as truckload fundamentals recover into 2013.”

Marten Transport closed on Friday at $20.34.

Latest Ratings for MRTN

Feb 2017Stifel NicolausUpgradesSellHold
Dec 2016Stifel NicolausDowngradesHoldSell
Jul 2016Avondale PartnersDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for MRTN
View the Latest Analyst Ratings

Posted-In: KeyBancAnalyst Color Upgrades Analyst Ratings


Related Articles (MRTN)

View Comments and Join the Discussion!

Partner Center