Susquehanna analyst Bascome Majors lowered the firm’s price target on Forward Air (FWRD) to $32 from $35 and keeps a Positive rating on the shares as part of a Q1 earnings report. The firm is cautious into spring on logistics names, saying less-than-truckload volumes risk is “skewing sub-seasonal” into the industry’s strongest quarter. Susquehanna will look for “lower-risk entry points into summer as expectations reset,” the analyst tells investors in a research note. The “chaotic policy and macro backdrop of the last six weeks has only amplified our fears into this important spring and early-summer period for the industry,” contends Susquehanna.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRD: