Roadrunner Transporation Systems On The Move Following Raymond James Upgrade

Raymond James upgraded

on Wednesday morning, which helped to lift the stock price up. Raymond James analyst, Arthur W. Hatfield and Derek Rabe go onto explain: “Despite the recent headwinds of higher insurance claims and a lack of density in its LTL (light truck load) network, we have re-assessed our position on shares of RRTS given the pervasive strength in pricing throughout the broader trucking market. As such, we are upgrading shares to Outperform from Market Perform.” Hatfield and Rabe raised their full year EPS estimate to $1.45 from $1.39, and offered a $31 price target. The stock is currently trading at $27.47, and is up by 3.47 percent on Wednesday's trading session.