Cowen analyst Jason Seidl raised the firm’s price target on Daseke to $15 from $11 and keeps an Outperform rating on the shares. The analyst noted EBITDA was a slight miss but they gave flat 2023 guidance. Cowen said management called for early spot bottom in 1Q and noted it is adding more high margin company equipment. Accretive acquisitions in resilient specialized operations and debt paydown in 2023 should support results as we move through challenged market.
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