Deutsche starts Via Transportation with Buy on leading position

Deutsche Bank analyst Brad Zelnick initiated coverage of Via Transportation (VIA) with a Buy rating and $55 price target The firm likes the company’s position as the “most capable partner for digitally transforming municipal transit agencies.” Via’s position as the end-to-end platform for transit operations offers strong near-term visibility into purchasing cycles, the analyst tells investors in a research note. Deutsche says conversations with Via customers and industry constituents support the view oft he company’s “far leading competitive position.”