Forward Air price target lowered to $32 from $35 at Susquehanna

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.