Forward Air price target lowered to $30 from $32 at Stifel

Stifel lowered the firm’s price target on Forward Air (FWRD) to $30 from $32 and keeps a Buy rating on the shares. The firm ascribes the stock having traded off in the past few weeks to waning confidence in a protracted sale process and to macro pressure amid rekindled U.S.-China trade tensions. However, the firm is “generally constructive on the unique opportunity” and still believes an imminent take-private or sale event is likely, the analyst tells investors.