Susquehanna raised the firm’s price target on Forward Air (FWRD) to $43 from $40 and keeps a Positive rating on the shares. The firm noted cyclical rsik remains given its roughly breakeven free cash flow and level of Q4 net debt/EBITDA but they believe a sale of the business is the most likely outcome for it to reach its price target
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRD: